B. Riley Boosts VSE (NASDAQ:VSEC) Price Target to $132.00

VSE (NASDAQ:VSEC) had its price target increased by investment analysts at B. Riley from $120.00 to $132.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. B. Riley’s price target would indicate a potential upside of 12.05% from the company’s previous close. B. Riley also issued estimates for VSE’s Q4 2024 earnings at $0.70 EPS, FY2025 earnings at $4.59 EPS and FY2026 earnings at $5.91 EPS.

A number of other brokerages have also recently commented on VSEC. Royal Bank of Canada increased their price target on VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of VSE in a research note on Friday, August 2nd. Truist Financial raised their price objective on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One 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, the company has a consensus rating of “Moderate Buy” and an average target price of $116.83.

VSE Trading Up 3.0 %

VSEC opened at $117.80 on Thursday. The company has a market cap of $2.17 billion, a P/E ratio of 35.84 and a beta of 1.56. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $93.09 and its 200-day moving average is $87.36. VSE has a 1-year low of $57.10 and a 1-year high of $118.94.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 9,300 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total transaction of $836,070.00. Following the transaction, the insider now owns 492,284 shares in the company, valued at $44,256,331.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in VSE by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after purchasing an additional 9,608 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of VSE during the first quarter worth about $3,566,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of VSE in the 1st quarter worth about $3,072,000. Capital Research Global Investors bought a new position in VSE in the 1st quarter valued at about $81,623,000. Finally, Park Avenue Securities LLC boosted its stake in VSE by 13.8% during 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 during the last quarter. 91.54% of the stock is 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.