VSE (NASDAQ:VSEC) Price Target Lowered to $129.00 at Truist Financial

VSE (NASDAQ:VSEC - Get Free Report) had its price target reduced by investment analysts at Truist Financial from $133.00 to $129.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's target price would suggest a potential upside of 34.43% from the company's previous close.

VSEC has been the subject of a number of other reports. Jefferies Financial Group boosted their target price on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. StockNews.com raised VSE to a "sell" rating in a report on Monday, December 9th. Royal Bank of Canada lifted their target price on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, B. Riley boosted their price target on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, VSE has a consensus rating of "Moderate Buy" and a consensus target price of $117.83.

VSE Stock Performance

Shares of NASDAQ:VSEC traded up $1.88 during trading on Tuesday, hitting $95.96. 179,119 shares of the company traded hands, compared to its average volume of 252,127. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The business's fifty day moving average is $107.79 and its 200-day moving average is $96.01. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 21.37 and a beta of 1.62. VSE has a one year low of $57.10 and a one year high of $123.92.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The firm had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same period in the prior year, the business earned $0.92 EPS. As a group, equities analysts predict that VSE will post 2.92 earnings per share for the current fiscal year.

Institutional Trading of VSE

A number of hedge funds and other institutional investors have recently made changes to their positions in VSEC. Rhumbline Advisers boosted its position in shares of VSE by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 21,706 shares of the construction company's stock valued at $1,916,000 after purchasing an additional 1,650 shares during the period. Arizona State Retirement System boosted its holdings 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 worth $399,000 after buying an additional 842 shares during the period. Dimensional Fund Advisors LP increased its position in shares of VSE by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company's stock worth $72,634,000 after acquiring an additional 15,323 shares in the last quarter. AltraVue Capital LLC acquired a new stake in shares of VSE during the second quarter valued at approximately $48,343,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of VSE in the 2nd quarter valued at approximately $892,000. 91.54% of the stock is currently owned by institutional investors.

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.