VSE (NASDAQ:VSEC) Price Target Raised to $120.00 at Royal Bank of Canada

VSE (NASDAQ:VSEC) had its price target lifted by Royal Bank of Canada from $100.00 to $120.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Several other equities analysts have also recently commented on VSEC. Benchmark restated a “buy” rating and issued a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Jefferies Financial Group lifted their price target on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Stifel Nicolaus started coverage on shares of VSE in a report on Friday, June 28th. They set a “buy” rating and a $101.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of VSE from $97.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus price target of $107.83.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $101.81 on Tuesday. The firm has a 50 day moving average of $89.20 and a 200-day moving average of $85.08. The stock has a market capitalization of $1.88 billion, a PE ratio of 31.30 and a beta of 1.60. 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 12 month low of $52.01 and a 12 month high of $106.11.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.64 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 analyst estimates of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. On average, equities research analysts predict that VSE will post 3.03 EPS for the current fiscal year.

VSE Announces Dividend

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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 6th.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s 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 sale, the insider now directly owns 463,284 shares of the company’s stock, valued at $42,543,369.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On VSE

A number of institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its stake 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 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 $4,414,000. The Manufacturers Life Insurance Company boosted its stake 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 valued at $463,000 after purchasing an additional 320 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of VSE in the 2nd quarter valued at $892,000. Finally, AltraVue Capital LLC bought a new stake in shares of VSE in the 2nd quarter valued at $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.