VSE (NASDAQ:VSEC) Price Target Lowered to $129.00 at Truist Financial

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

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

VSE Price Performance

Shares of VSE stock opened at $95.96 on Tuesday. 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 one year low of $57.10 and a one year high of $123.92. The business’s 50 day simple moving average is $107.79 and its two-hundred day simple moving average is $96.01. The stock has a market capitalization of $1.96 billion, a P/E ratio of 21.37 and a beta of 1.62.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the previous year, the firm earned $0.92 earnings per share. Analysts forecast that VSE will post 2.92 EPS for the current year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. VSE’s dividend payout ratio is presently 8.91%.

Hedge Funds Weigh In On VSE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its position in shares of VSE by 24.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after buying an additional 44,662 shares during the period. Geode Capital Management LLC grew its holdings in VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after purchasing an additional 42,637 shares during the period. Barclays PLC increased its stake in shares of VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after purchasing an additional 35,744 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after purchasing an additional 20,114 shares during the last quarter. Finally, State Street Corp boosted its position in shares of VSE by 5.2% in the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after purchasing an additional 15,931 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.