VSE (NASDAQ:VSEC) Price Target Raised to $115.00

VSE (NASDAQ:VSEC) had its target price hoisted by Truist Financial from $97.00 to $115.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities analysts have also recently weighed in on VSEC. Stifel Nicolaus started coverage on VSE in a report on Friday, June 28th. They set a “buy” rating and a $101.00 price target for the company. Jefferies Financial Group started coverage on VSE in a research report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price target for the company. Benchmark reaffirmed a “buy” rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of VSE in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $104.08 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. VSE has a 52 week low of $52.01 and a 52 week high of $106.11. The company’s fifty day moving average is $88.00 and its 200 day moving average is $84.42. The stock has a market cap of $1.66 billion, a PE ratio of 22.82 and a beta of 1.60.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a return on equity of 7.87% and a net margin of 1.21%. The company had revenue of $265.96 million during the quarter, compared to analysts’ expectations of $256.60 million. Research analysts anticipate that VSE will post 3.02 earnings per share for the current year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. VSE’s payout ratio is currently 8.77%.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the transaction, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC raised its position in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after purchasing an additional 464 shares in the last quarter. Ghisallo Capital Management LLC bought a new stake in VSE during the second quarter worth approximately $4,414,000. The Manufacturers Life Insurance Company lifted its holdings in shares of VSE by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock valued at $463,000 after buying an additional 320 shares during the period. Squarepoint Ops LLC bought a new stake in shares of VSE in the 2nd quarter worth approximately $892,000. Finally, AltraVue Capital LLC acquired a new position in shares of VSE in the 2nd quarter valued at $48,343,000. 91.54% of the stock is 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.