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

VSE (NASDAQ:VSEC - Get Free Report) had its target price hoisted by stock analysts at Jefferies Financial Group from $100.00 to $110.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Jefferies Financial Group's target price indicates a potential upside of 7.00% from the company's previous close.

Several other analysts also recently weighed in on VSEC. Truist Financial lifted their price objective on shares of VSE from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday. 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. Stifel Nicolaus started coverage on VSE in a research report on Friday, June 28th. They issued a "buy" rating and a $101.00 target price on the stock. Finally, Benchmark reiterated a "buy" rating and set a $100.00 price target on shares of VSE in a research 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. According to data from MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and an average price target of $104.50.

VSE Stock Performance

Shares of NASDAQ VSEC traded down $3.00 during mid-day trading on Thursday, hitting $102.80. The company had a trading volume of 545,583 shares, compared to its average volume of 141,331. VSE has a 12 month low of $52.01 and a 12 month high of $106.11. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 28.20 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The firm's 50 day simple moving average is $87.60 and its two-hundred day simple moving average is $84.24.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $256.60 million. As a group, equities research analysts forecast that VSE will post 3.02 earnings per share for the current year.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction 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 ownership of the stock. The sale 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.

Institutional Trading of VSE

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC grew its position in VSE by 13.8% in the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock worth $316,000 after buying an additional 464 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of VSE during the 2nd quarter worth $4,414,000. The Manufacturers Life Insurance Company grew its holdings in shares of VSE by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company's stock worth $463,000 after acquiring an additional 320 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of VSE during the second quarter worth $892,000. Finally, AltraVue Capital LLC purchased a new stake in shares of VSE during the second quarter valued at $48,343,000. 91.54% of the stock is currently owned by institutional investors.

VSE Company Profile

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.