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

VSE (NASDAQ:VSEC) had its price target increased by Truist Financial from $97.00 to $115.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also commented on VSEC. Stifel Nicolaus began coverage on VSE in a report on Friday, June 28th. They set a “buy” rating and a $101.00 target price for the company. Benchmark restated a “buy” rating and issued a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Jefferies Financial Group initiated coverage on VSE in a research report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus target price of $102.83.

VSE Trading Up 17.6 %

Shares of VSEC opened at $105.80 on Wednesday. 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 stock’s 50-day moving average is $87.20 and its two-hundred day moving average is $84.11. The stock has a market cap of $1.95 billion, a PE ratio of 28.20 and a beta of 1.60.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (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 firm had revenue of $265.96 million for the quarter, compared to analyst estimates of $256.60 million. Equities analysts forecast that VSE will post 3.02 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, November 6th.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction on 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 transaction, the insider now directly owns 463,284 shares of the company’s stock, valued at $42,543,369.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

Several hedge funds have recently bought and sold shares of VSEC. Russell Investments Group Ltd. grew its position in shares of VSE by 11.9% in the first 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 during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of VSE in the first quarter valued at about $3,566,000. Jennison Associates LLC grew its position in shares of VSE by 13.2% in the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after purchasing an additional 65,495 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of VSE in the first quarter valued at about $3,072,000. Finally, Capital Research Global Investors acquired a new stake in shares of VSE in the first quarter valued at about $81,623,000. 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.