VSE (NASDAQ:VSEC) PT Raised to $110.00 at Jefferies Financial Group

VSE (NASDAQ:VSEC) had its price objective raised by Jefferies Financial Group from $100.00 to $110.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

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

VSE Trading Up 1.2 %

Shares of VSE stock opened at $104.08 on Thursday. 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 stock has a market capitalization of $1.92 billion, a PE ratio of 32.02 and a beta of 1.60. VSE has a 1-year low of $52.01 and a 1-year high of $106.11. The company’s fifty day simple moving average is $88.00 and its 200-day simple moving average is $84.47.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $265.96 million for the quarter, compared to analysts’ expectations of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. As a group, equities analysts anticipate that VSE will post 3.02 earnings per share for the current year.

VSE Dividend Announcement

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

Insider Buying and Selling at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 463,284 shares of the company’s stock, valued at $42,543,369.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.60% of the stock is currently owned by insiders.

Institutional Trading of VSE

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in VSE by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after purchasing an additional 320 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of VSE by 13.8% in the 3rd 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. Price T Rowe Associates Inc. MD lifted its holdings in shares of VSE by 8.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after acquiring an additional 465 shares during the last quarter. Innealta Capital LLC purchased a new position in VSE in the second quarter worth about $42,000. Finally, Fisher Asset Management LLC increased its stake in VSE by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock worth $1,621,000 after acquiring an additional 710 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other 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.