Truist Financial Issues Positive Forecast for VSE (NASDAQ:VSEC) Stock Price

VSE (NASDAQ:VSEC - Get Free Report) had its target price boosted by investment analysts at Truist Financial from $115.00 to $133.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Truist Financial's target price would indicate a potential upside of 16.24% from the stock's previous close.

Several other brokerages have also recently issued reports on VSEC. Benchmark reissued a "buy" rating and issued a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. Royal Bank of Canada lifted their price target on VSE from $100.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, VSE has a consensus rating of "Moderate Buy" and a consensus target price of $116.83.

VSE Stock Performance

Shares of VSEC stock traded down $2.05 on Thursday, hitting $114.42. The company had a trading volume of 186,289 shares, compared to its average volume of 146,760. The firm has a market cap of $2.11 billion, a P/E ratio of 25.29 and a beta of 1.56. The company has a 50-day moving average price of $92.15 and a 200-day moving average price of $86.88. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. VSE has a twelve month low of $56.98 and a twelve month high of $116.95.

Insider Activity at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total transaction of $836,070.00. Following the completion of the sale, the insider now directly owns 492,284 shares in the company, valued at approximately $44,256,331.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On VSE

Large investors have recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in VSE during the 2nd quarter worth approximately $42,000. US Bancorp DE grew its position in shares of VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after purchasing an additional 2,384 shares in the last quarter. Archer Investment Corp purchased a new stake in shares of VSE in the second quarter valued at approximately $247,000. Park Avenue Securities LLC grew its position in shares of 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 purchasing an additional 464 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of VSE by 22.9% in the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company's stock valued at $399,000 after purchasing an additional 842 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other 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.