B. Riley Issues Positive Forecast for VSE (NASDAQ:VSEC) Stock Price

VSE (NASDAQ:VSEC) had its target price raised by B. Riley from $120.00 to $132.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock. B. Riley also issued estimates for VSE’s Q4 2024 earnings at $0.70 EPS, FY2025 earnings at $4.59 EPS and FY2026 earnings at $5.91 EPS.

Other analysts have also recently issued reports about the stock. Truist Financial boosted their price objective on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of VSE in a report on Friday, August 2nd. Royal Bank of Canada lifted their price target on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group raised their price objective on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, VSE presently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

VSE Stock Up 3.0 %

NASDAQ:VSEC traded up $3.38 during mid-day trading on Thursday, hitting $117.80. The stock had a trading volume of 147,812 shares, compared to its average volume of 146,765. VSE has a twelve month low of $57.10 and a twelve month high of $118.94. The stock has a 50-day simple moving average of $92.60 and a two-hundred day simple moving average of $87.07. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.17 billion, a PE ratio of 35.84 and a beta of 1.56.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VSE

Several large investors have recently made changes to their positions in VSEC. BNP Paribas Financial Markets grew its holdings in VSE by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 6,431 shares of the construction company’s stock worth $514,000 after acquiring an additional 2,874 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in VSE during the first quarter worth about $3,566,000. Russell Investments Group Ltd. increased its holdings in shares of VSE by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after purchasing an additional 9,608 shares during the last quarter. Vanguard Group Inc. lifted its position in VSE by 1.7% during the first quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock worth $57,974,000 after acquiring an additional 12,407 shares during the last quarter. Finally, Capital Research Global Investors acquired a new position in shares of VSE in the first quarter valued at approximately $81,623,000. Institutional investors and hedge funds 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.