VSE (NASDAQ:VSEC) Price Target Raised to $60.00 at Truist Financial

VSE (NASDAQ:VSECGet Rating) had its price target hoisted by Truist Financial from $55.00 to $60.00 in a research note issued to investors on Monday, The Fly reports. Truist Financial currently has a buy rating on the construction company’s stock.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group raised their price target on VSE from $50.00 to $52.00 in a report on Thursday, October 20th. TheStreet upgraded VSE from a c+ rating to a b rating in a research report on Friday, October 21st. StockNews.com started coverage on VSE in a research report on Wednesday, October 12th. They issued a hold rating on the stock. Finally, Canaccord Genuity Group raised their target price on VSE from $50.00 to $52.00 and gave the company a buy rating in a research report on Thursday, October 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $53.00.

VSE Trading Up 1.8 %

Shares of NASDAQ VSEC opened at $49.03 on Monday. The company has a market cap of $627.58 million, a price-to-earnings ratio of 21.41 and a beta of 1.46. VSE has a 12-month low of $31.85 and a 12-month high of $59.20. The company has a current ratio of 2.85, a quick ratio of 0.91 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $47.54 and its 200 day simple moving average is $42.18.

VSE (NASDAQ:VSECGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $242.49 million for the quarter, compared to the consensus estimate of $227.86 million. VSE had a return on equity of 8.23% and a net margin of 3.18%. Equities research analysts expect that VSE will post 2.98 EPS for the current year.

Insider Activity at VSE

In other news, Director Mark E. Ferguson III sold 2,265 shares of VSE stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $49.12, for a total transaction of $111,256.80. Following the transaction, the director now directly owns 10,611 shares in the company, valued at approximately $521,212.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.40% of the stock is owned by insiders.

Hedge Funds Weigh In On VSE

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of VSE by 789.2% during the 2nd quarter. Captrust Financial Advisors now owns 658 shares of the construction company’s stock valued at $25,000 after purchasing an additional 584 shares during the period. Lazard Asset Management LLC acquired a new position in shares of VSE during the 2nd quarter valued at $47,000. Amalgamated Bank acquired a new position in shares of VSE in the 1st quarter worth $59,000. BNP Paribas Arbitrage SA grew its holdings in shares of VSE by 36.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,496 shares of the construction company’s stock worth $94,000 after acquiring an additional 663 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC grew its holdings in shares of VSE by 33.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,332 shares of the construction company’s stock worth $118,000 after acquiring an additional 836 shares during the last quarter. 80.64% of the stock is currently owned by institutional investors and hedge funds.

About VSE

(Get Rating)

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services.

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