VSE (NASDAQ:VSEC) Price Target Raised to $260.00

VSE (NASDAQ:VSEC) had its price target boosted by Stifel Nicolaus from $245.00 to $260.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 19.17% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Royal Bank Of Canada raised their price target on shares of VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of VSE in a research note on Wednesday, July 1st. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st. Zacks Research raised shares of VSE from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $268.00 target price on shares of VSE in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $244.22.

VSE Stock Performance

Shares of VSEC stock opened at $218.18 on Monday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 69.93, a PEG ratio of 2.44 and a beta of 1.23. The stock has a 50-day moving average of $204.80 and a 200-day moving average of $199.87. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. VSE has a 1-year low of $152.55 and a 1-year high of $240.56.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue was up 65.0% compared to the same quarter last year. On average, equities research analysts forecast that VSE will post 4.3 earnings per share for the current year.

Insider Activity

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the transaction, the chief operating officer directly owned 42,839 shares in the company, valued at approximately $8,431,571.98. This represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of VSE

Several hedge funds have recently modified their holdings of the stock. Emerald Advisers LLC increased its stake in VSE by 12.6% in the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after purchasing an additional 35,246 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of VSE during the first quarter valued at about $1,276,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of VSE by 16.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock worth $36,127,000 after purchasing an additional 27,563 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of VSE by 58.8% during the 1st quarter. Argent Capital Management LLC now owns 7,927 shares of the construction company’s stock worth $1,462,000 after purchasing an additional 2,934 shares in the last quarter. Finally, Chase Investment Counsel Corp acquired a new stake in shares of VSE in the 2nd quarter valued at about $4,527,000. Institutional investors own 91.54% of the company’s stock.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.