VSE (NASDAQ:VSEC) Price Target Raised to $120.00

VSE (NASDAQ:VSEC) had its price target hoisted by Royal Bank of Canada from $100.00 to $120.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus began coverage on shares of VSE in a report on Friday, June 28th. They set a “buy” rating and a $101.00 price objective on the stock. Truist Financial raised their target price on shares of VSE from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.83.

VSE Trading Up 0.5 %

Shares of NASDAQ:VSEC opened at $101.81 on Tuesday. VSE has a 12 month low of $52.01 and a 12 month high of $106.11. 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’s fifty day simple moving average is $89.20 and its 200 day simple moving average is $85.08. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 31.30 and a beta of 1.60.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $256.60 million. As a group, research analysts forecast that VSE will post 3.03 EPS for the current fiscal year.

VSE Announces Dividend

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

Insider Activity

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

Institutional Trading of VSE

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of VSE by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after buying an additional 320 shares during the last quarter. 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 worth $316,000 after purchasing an additional 464 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in VSE by 8.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock worth $500,000 after purchasing an additional 465 shares in the last quarter. Innealta Capital LLC acquired a new stake in VSE in the 2nd quarter worth about $42,000. Finally, Arizona State Retirement System raised its stake in VSE by 22.9% in the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.