VSE (NASDAQ:VSEC) PT Raised to $110.00

VSE (NASDAQ:VSEC) had its price objective increased by equities research analysts at Jefferies Financial Group from $100.00 to $110.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 5.81% from the company’s previous close.

Several other equities research analysts have also recently commented on VSEC. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of VSE in a research note on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of VSE in a report on Thursday, August 1st. Stifel Nicolaus initiated coverage on VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 price objective for the company. Finally, Truist Financial raised their target price on VSE from $97.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.50.

VSE Price Performance

NASDAQ:VSEC traded down $1.84 during midday trading on Thursday, hitting $103.96. 79,310 shares of the stock were exchanged, compared to its average volume of 138,906. VSE has a one year low of $52.01 and a one year high of $106.11. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 28.20 and a beta of 1.60. The business has a 50-day moving average price of $87.20 and a two-hundred day moving average price of $84.11. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share 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 business had revenue of $265.96 million for the quarter, compared to analysts’ expectations of $256.60 million. Sell-side analysts predict that VSE will post 3.02 EPS for the current year.

Insider Buying and Selling 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 value of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of VSE in the second quarter valued at $42,000. Park Avenue Securities LLC acquired a new position in VSE in the 1st quarter valued at about $221,000. Archer Investment Corp bought a new stake in shares of VSE during the second quarter worth approximately $247,000. Caprock Group LLC acquired a new position in VSE in the 1st quarter valued at $241,000. Finally, Precision Wealth Strategies LLC acquired a new position in VSE in the 1st quarter valued at $280,000. 91.54% of the stock is owned by institutional investors and hedge funds.

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.