VSE (NASDAQ:VSEC) Price Target Raised to $110.00

VSE (NASDAQ:VSEC) had its price objective upped by Jefferies Financial Group from $100.00 to $110.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus assumed coverage on VSE in a research note on Friday, June 28th. They set a “buy” rating and a $101.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of VSE in a research report on Thursday, August 1st. Truist Financial upped their price target on VSE from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. One research 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, VSE presently has an average rating of “Moderate Buy” and an average price target of $104.50.

VSE Trading Down 2.8 %

NASDAQ VSEC opened at $102.80 on Thursday. VSE has a 52 week low of $52.01 and a 52 week high of $106.11. The business has a 50 day moving average price of $87.60 and a 200-day moving average price of $84.24. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 28.20 and a beta of 1.60.

VSE (NASDAQ:VSEC) last released its quarterly earnings data 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). The business had revenue of $265.96 million for the quarter, compared to analyst estimates of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. As a group, equities analysts expect that VSE will post 3.02 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of VSE stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total value of $836,070.00. Following the sale, the insider now owns 492,284 shares of the company’s stock, valued at approximately $44,256,331.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 14.60% of the stock is owned by insiders.

Institutional Trading of VSE

Several hedge funds have recently made changes to their positions in VSEC. Park Avenue Securities LLC raised its stake in 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 acquiring an additional 464 shares during the period. Ghisallo Capital Management LLC bought a new position in VSE in the 2nd quarter worth approximately $4,414,000. The Manufacturers Life Insurance Company grew its stake in VSE by 6.5% in the 2nd 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 in the last quarter. Squarepoint Ops LLC bought a new stake in VSE during the 2nd quarter valued at $892,000. Finally, AltraVue Capital LLC purchased a new stake in shares of VSE during the second quarter worth $48,343,000. 91.54% of the stock is currently owned by institutional investors.

About VSE

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.