Truist Financial Lowers VSE (NASDAQ:VSEC) Price Target to $130.00

VSE (NASDAQ:VSEC) had its target price dropped by analysts at Truist Financial from $134.00 to $130.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 20.16% from the stock’s current price.

Separately, StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

VSE Stock Down 1.7 %

VSEC stock opened at $108.19 on Thursday. VSE has a 1-year low of $73.36 and a 1-year high of $128.72. The business’s 50 day simple moving average is $112.15 and its 200 day simple moving average is $106.84. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.24 billion, a PE ratio of 130.35 and a beta of 1.32.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The company had revenue of $299.02 million during the quarter, compared to analysts’ expectations of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. As a group, research analysts anticipate that VSE will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in shares of VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock valued at $192,689,000 after purchasing an additional 698,642 shares during the last quarter. Capital Research Global Investors increased its holdings in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock worth $170,616,000 after buying an additional 258,674 shares during the last quarter. Vanguard Group Inc. raised its position in VSE by 20.5% in the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock worth $101,904,000 after acquiring an additional 182,465 shares during the period. Jennison Associates LLC boosted its stake in VSE by 12.7% in the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock valued at $88,311,000 after acquiring an additional 104,868 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock valued at $68,115,000 after acquiring an additional 277,971 shares during the period. 91.54% of the stock is owned by institutional investors.

About VSE

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.