VSE (NASDAQ:VSEC) PT Raised to $110.00

VSE (NASDAQ:VSEC) had its price target increased by analysts at Jefferies Financial Group from $100.00 to $110.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 5.69% from the stock’s previous close.

Several other research analysts have also commented on VSEC. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. Truist Financial raised their target price on VSE from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus initiated coverage on VSE in a research note on Friday, June 28th. They set a “buy” rating and a $101.00 target price for the company. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.50.

VSE Trading Up 1.2 %

NASDAQ:VSEC opened at $104.08 on Thursday. The business’s 50-day moving average is $87.60 and its two-hundred day moving average is $84.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. VSE has a 12 month low of $52.01 and a 12 month high of $106.11. The firm has a market capitalization of $1.92 billion, a PE 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 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The company had revenue of $265.96 million during the quarter, compared to analysts’ expectations of $256.60 million. Research analysts predict that VSE will post 3.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC boosted its stake in VSE by 13.8% in the third 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 stake in shares of VSE during the second quarter valued at approximately $4,414,000. The Manufacturers Life Insurance Company raised its holdings in shares of VSE by 6.5% during 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 last quarter. Squarepoint Ops LLC bought a new stake in shares of VSE during the second quarter valued at approximately $892,000. Finally, AltraVue Capital LLC bought a new stake in shares of VSE during the second quarter valued at approximately $48,343,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.