VSE (NASDAQ:VSEC) Price Target Raised to $133.00

VSE (NASDAQ:VSEC) had its price objective hoisted by Truist Financial from $115.00 to $133.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Jefferies Financial Group upped their target price on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased their target price on VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $117.80 on Thursday. VSE has a 12 month low of $57.10 and a 12 month high of $118.94. The company has a current ratio of 3.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.40 billion, a P/E ratio of 36.25 and a beta of 1.56. The company has a 50 day moving average of $93.09 and a 200 day moving average of $87.49.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The company had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter last year, the company earned $0.92 earnings per share. As a group, sell-side analysts forecast that VSE will post 2.96 EPS for the current fiscal year.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Primecap Management Co. CA purchased a new stake in VSE during the 3rd quarter valued at $11,016,000. Intech Investment Management LLC purchased a new stake in shares of VSE during the third quarter worth about $394,000. Jennison Associates LLC boosted its holdings in shares of VSE by 3.8% during the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock worth $68,149,000 after purchasing an additional 29,811 shares during the period. Victory Capital Management Inc. grew its stake in shares of VSE by 30.5% in the third quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company’s stock worth $1,274,000 after purchasing an additional 3,601 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in VSE by 5.9% during the 3rd quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company’s stock valued at $1,826,000 after purchasing an additional 1,236 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.