Truist Financial Increases VSE (NASDAQ:VSEC) Price Target to $115.00

VSE (NASDAQ:VSEC) had its target price upped by Truist Financial from $97.00 to $115.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would suggest a potential upside of 10.86% from the stock’s current price.

Several other research analysts also recently commented on the company. Stifel Nicolaus started coverage on VSE in a research note on Friday, June 28th. They issued a “buy” rating and a $101.00 price objective on the stock. Jefferies Financial Group began coverage on shares of VSE in a research note on Wednesday, August 14th. They set a “buy” rating and a $100.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of VSE in a research report on Friday, August 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VSE has a consensus rating of “Moderate Buy” and an average price target of $102.83.

VSE Stock Performance

VSEC stock traded up $13.73 during midday trading on Wednesday, reaching $103.73. 1,012,889 shares of the company’s stock traded hands, compared to its average volume of 137,216. 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 has a 52-week low of $52.01 and a 52-week high of $105.15. The stock has a market cap of $1.91 billion, a P/E ratio of 28.20 and a beta of 1.60. The stock’s 50-day moving average is $86.70 and its 200 day moving average is $83.96.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company 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, analysts anticipate that VSE will post 3.02 EPS for the current year.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 463,284 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

Several institutional investors have recently added to or reduced their stakes in VSEC. Capital Research Global Investors bought a new position in shares of VSE during the 1st quarter valued at approximately $81,623,000. AltraVue Capital LLC bought a new position in VSE during the second quarter valued at $48,343,000. Allspring Global Investments Holdings LLC purchased a new position in shares of VSE in the 2nd quarter worth $10,326,000. Hennessy Advisors Inc. bought a new stake in shares of VSE in the 2nd quarter worth about $9,388,000. Finally, Jennison Associates LLC raised its position in shares of VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after buying an additional 65,495 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.