VSE (NASDAQ:VSEC) Stock Gets Price Target Reduction from B. Riley Financial

VSE (NASDAQ:VSEC) had its target price lowered by investment analysts at B. Riley Financial from $280.00 to $265.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. B. Riley Financial‘s price target would suggest a potential upside of 78.51% from the company’s current price.

Several other analysts have also recently issued reports on VSEC. Royal Bank Of Canada raised their target price on VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of VSE in a research report on Friday, October 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 price objective on shares of VSE in a report on Sunday, August 9th. KeyCorp began coverage on VSE in a report on Thursday, October 22nd. They issued a “sector weight” rating for the company. Finally, Morgan Stanley cut their price objective on VSE from $245.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

VSE Price Performance

VSEC opened at $148.45 on Wednesday. The stock’s 50 day simple moving average is $183.14 and its 200 day simple moving average is $197.00. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 47.58 and a beta of 1.27. VSE has a 1 year low of $138.85 and a 1 year high of $247.85.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.82. The company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. The business’s revenue for the quarter was up 65.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. As a group, sell-side analysts anticipate that VSE will post 6.72 EPS for the current year.

Insider Activity

In other news, CEO John Cuomo sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the transaction, the chief executive officer owned 169,537 shares in the company, valued at $41,111,027.13. This trade represents a 9.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of VSE

A number of hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd purchased a new stake in VSE during the 2nd quarter valued at $2,545,000. Jupiter Topco LLC bought a new position in shares of VSE during the 2nd quarter valued at $2,783,000. Wellington Management Group LLP bought a new position in shares of VSE during the 2nd quarter valued at $13,164,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of VSE by 956.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 37,536 shares of the construction company’s stock worth $8,577,000 after buying an additional 33,983 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of VSE in the 2nd quarter worth $754,000. Institutional investors own 91.54% of the company’s stock.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.