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 research note released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other analysts also recently issued reports on the company. Zacks Research raised VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. B. Riley Financial restated a “buy” rating on shares of VSE in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $268.00 target price on shares of VSE in a research report on Thursday, May 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 target price on shares of VSE in a research note on Sunday. Finally, Royal Bank Of Canada boosted their price target on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.67.

VSE Trading Up 0.3%

NASDAQ VSEC opened at $242.60 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. VSE has a one year low of $154.67 and a one year high of $247.85. The company has a 50-day simple moving average of $208.18 and a 200-day simple moving average of $200.34. The firm has a market capitalization of $6.81 billion, a PE ratio of 77.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The firm had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. VSE’s quarterly revenue was up 65.0% on a year-over-year basis. On average, equities analysts forecast that VSE will post 4.69 earnings per share for the current year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, October 15th. VSE’s payout ratio is presently 12.82%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP acquired a new position in VSE during the second quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its position in VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after acquiring an additional 153 shares during the period. Global Retirement Partners LLC acquired a new stake in VSE during the 2nd quarter worth about $51,000. GAMMA Investing LLC grew its stake in VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after acquiring an additional 130 shares in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in VSE during the 2nd quarter valued at about $90,000. Hedge funds and other 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.