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

VSE (NASDAQ:VSEC) had its price target cut by B. Riley Financial from $280.00 to $265.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on VSEC. Stifel Nicolaus lifted their price objective on VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft increased their target price on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Jefferies Financial Group restated a “buy” rating and issued a $275.00 target price on shares of VSE in a research report on Sunday, August 9th. KeyCorp assumed coverage on VSE in a research report on Thursday, October 22nd. They issued a “sector weight” rating on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of VSE in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, VSE currently has an average rating of “Moderate Buy” and an average target price of $253.38.

VSE Stock Performance

NASDAQ:VSEC opened at $147.83 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. The company has a fifty day moving average of $178.51 and a two-hundred day moving average of $196.20. The stock has a market capitalization of $4.15 billion, a PE ratio of 47.38, a P/E/G ratio of 0.63 and a beta of 1.27. VSE has a fifty-two week low of $138.85 and a fifty-two week high of $247.85.

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

VSE Announces Dividend

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

Insider Buying and Selling at VSE

In related news, CEO John Cuomo sold 17,500 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the transaction, the chief executive officer directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. John Boyer Inc. acquired a new position in shares of VSE during the 3rd quarter valued at about $53,000. Penobscot Investment Management Company Inc. purchased a new stake in shares of VSE in the third quarter valued at about $231,000. Signaturefd LLC grew its holdings in shares of VSE by 163.5% in the third 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 period. Evergreen Capital Management LLC acquired a new stake in VSE during the third quarter worth about $231,000. Finally, Crossmark Global Holdings Inc. increased its position in VSE by 16.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,205 shares of the construction company’s stock worth $363,000 after purchasing an additional 314 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.