VSE (NASDAQ:VSEC) Price Target Increased to $110.00 by Analysts at Jefferies Financial Group

VSE (NASDAQ:VSEC) had its price objective boosted by Jefferies Financial Group from $100.00 to $110.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

VSEC has been the subject of a number of other research reports. Truist Financial boosted their price objective on VSE from $97.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of VSE in a research note on Thursday, August 1st. Finally, Stifel Nicolaus assumed coverage on shares of VSE in a research report on Friday, June 28th. They issued a “buy” rating and a $101.00 price objective for the company. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, VSE has a consensus rating of “Moderate Buy” and a consensus price target of $104.50.

VSE Price Performance

VSE stock opened at $104.08 on Thursday. The firm has a market capitalization of $1.92 billion, a PE ratio of 32.02 and a beta of 1.60. VSE has a 12-month low of $52.01 and a 12-month high of $106.11. The firm has a 50-day moving average price of $88.00 and a 200-day moving average price of $84.47. 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 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). The firm had revenue of $265.96 million during the quarter, compared to the consensus estimate of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. As a group, equities research analysts forecast that VSE will post 3.02 EPS for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, November 6th.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 14.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Park Avenue Securities LLC grew its stake in 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 during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of VSE in the 2nd quarter valued at about $4,414,000. The Manufacturers Life Insurance Company grew its position 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 buying an additional 320 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of VSE during the 2nd quarter worth approximately $892,000. Finally, AltraVue Capital LLC purchased a new stake in VSE during the second quarter valued at approximately $48,343,000. 91.54% of the stock is 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.