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

VSE (NASDAQ:VSEC) had its target price cut by equities researchers at B. Riley Financial from $280.00 to $265.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. B. Riley Financial‘s target price suggests a potential upside of 78.51% from the stock’s previous close.

VSEC has been the subject of several other research reports. Zacks Research raised shares of VSE from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Stifel Nicolaus upped their target price on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Morgan Stanley decreased their target price on VSE from $245.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Guggenheim began coverage on VSE in a report on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $275.00 price target on shares of VSE in a report on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

VSE Stock Up 0.4%

Shares of NASDAQ VSEC opened at $148.45 on Wednesday. The company has a market cap of $4.17 billion, a P/E ratio of 47.58 and a beta of 1.27. VSE has a 52 week low of $138.85 and a 52 week high of $247.85. The business has a 50-day simple moving average of $183.14 and a two-hundred day simple moving average of $197.00.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 65.0% on a year-over-year basis. Equities research analysts anticipate that VSE will post 6.72 EPS for the current year.

Insider Activity at VSE

In other news, CEO John Cuomo sold 17,500 shares of the stock in a transaction dated Monday, August 17th. The stock was 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. This represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On VSE

A number of large investors have recently modified their holdings of VSEC. Public Employees Retirement System of Ohio purchased a new stake in VSE in the second quarter worth approximately $25,000. Allworth Financial LP bought a new position in VSE during the second quarter valued at approximately $29,000. Transamerica Financial Advisors LLC purchased a new position in shares of VSE during the second quarter worth approximately $32,000. Signaturefd LLC raised its stake in shares of VSE by 163.5% during the third quarter. Signaturefd LLC now owns 303 shares of the construction company’s stock worth $50,000 after acquiring an additional 188 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of VSE during the second quarter worth approximately $51,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

About VSE

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.