VSE (NASDAQ:VSEC) Price Target Cut to $129.00 by Analysts at Truist Financial

VSE (NASDAQ:VSEC) had its price target decreased by Truist Financial from $133.00 to $129.00 in a research note issued to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

A number of other brokerages have also recently issued reports on VSEC. B. Riley boosted their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, VSE presently has a consensus rating of “Moderate Buy” and an average target price of $117.83.

VSE Price Performance

VSE stock opened at $101.78 on Tuesday. The company’s 50-day moving average price is $107.01 and its two-hundred day moving average price is $96.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE has a twelve month low of $57.10 and a twelve month high of $123.92.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter last year, the company earned $0.92 earnings per share. On average, equities research analysts predict that VSE will post 2.92 EPS for the current year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VSEC. Sanctuary Advisors LLC acquired a new stake in shares of VSE in the 3rd quarter valued at $155,000. US Bancorp DE lifted its position in shares of VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after buying an additional 2,384 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after buying an additional 134 shares in the last quarter. Park Avenue Securities LLC grew its position 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 acquiring an additional 464 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after acquiring an additional 842 shares in the last quarter. 91.54% of the stock is 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.