Truist Financial Cuts VSE (NASDAQ:VSEC) Price Target to $129.00

VSE (NASDAQ:VSEC) had its price target lowered by Truist Financial from $133.00 to $129.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

VSEC has been the topic of several other research reports. StockNews.com raised VSE to a “sell” rating in a research note on Monday, December 9th. B. Riley lifted their target price on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price target on 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 raised their price target on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, VSE presently has an average rating of “Moderate Buy” and an average price target of $117.83.

VSE Price Performance

Shares of VSEC opened at $101.78 on Tuesday. The stock has a 50 day simple moving average of $107.01 and a 200 day simple moving average of $96.13. VSE has a 52-week low of $57.10 and a 52-week high of $123.92. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, sell-side analysts forecast that VSE will post 2.92 EPS for the current fiscal year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 23rd.

Hedge Funds Weigh In On VSE

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of VSE by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after acquiring an additional 29,811 shares during the period. Dimensional Fund Advisors LP lifted its stake in VSE by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock valued at $72,634,000 after purchasing an additional 15,323 shares during the last quarter. AltraVue Capital LLC bought a new position in VSE during the second quarter worth about $48,343,000. Geode Capital Management LLC raised its stake in VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after buying an additional 42,637 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of VSE by 121.6% in the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock valued at $29,801,000 after buying an additional 178,435 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.