VSE (NASDAQ:VSEC) Stock Gets Price Target Reduction from Royal Bank Of Canada

VSE (NASDAQ:VSEC – Free Report) had its price target decreased by Royal Bank Of Canada from $265.00 to $220.00 in a report issued on Wednesday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the construction company’s stock.

A number of other analysts have also recently issued reports on VSEC. Jefferies Financial Group reissued a “buy” rating and issued a $275.00 target price on shares of VSE in a research report on Sunday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of VSE in a research note on Friday, October 16th. Citigroup reiterated a “buy” rating on shares of VSE in a research note on Wednesday, October 7th. KeyCorp started coverage on VSE in a report on Thursday, October 22nd. They issued a “sector weight” rating for the company. Finally, Guggenheim started coverage on shares of VSE in a research report on Monday, September 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.38.

Get Our Latest Research Report on VSE

VSE Stock Down 4.6%

Shares of NASDAQ VSEC opened at $147.83 on Wednesday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 47.38, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30. VSE has a 1 year low of $138.85 and a 1 year high of $247.85. The business has a 50-day moving average of $178.51 and a two-hundred day moving average of $196.20.

VSE (NASDAQ:VSEC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.93 by $0.82. The firm had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. VSE’s revenue for the quarter was up 65.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, analysts forecast that VSE will post 6.72 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. VSE’s payout ratio is currently 12.82%.

Insider Activity at VSE

In other news, CEO John Cuomo sold 1,566 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $187.49, for a total transaction of $293,609.34. Following the completion of the sale, the chief executive officer owned 167,971 shares in the company, valued at approximately $31,492,882.79. This represents a 0.92% decrease in their ownership of the stock. The sale 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.

Hedge Funds Weigh In On VSE

Several institutional investors have recently added to or reduced their stakes in VSEC. John Boyer Inc. purchased a new stake in VSE during the 3rd quarter valued at approximately $53,000. Penobscot Investment Management Company Inc. acquired a new stake in VSE during the 3rd quarter worth approximately $231,000. Signaturefd LLC grew its stake in shares of VSE by 163.5% in the 3rd quarter. Signaturefd LLC now owns 303 shares of the construction company’s stock valued at $50,000 after purchasing an additional 188 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in shares of VSE in the 3rd quarter valued at approximately $231,000. Finally, Crossmark Global Holdings Inc. grew its stake in shares of VSE by 16.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,205 shares of the construction company’s stock valued at $363,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for VSE (NASDAQ:VSEC)

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