VSE (NASDAQ:VSEC) Given New $180.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target for VSE from $150.00 to $180.00, indicating a potential upside of 23.24% from the current price.
• VSE reported $0.97 EPS for the last quarter, surpassing analysts' expectations of $0.69, with quarterly revenues up 41.1% year-over-year.
• Insider activity showed a significant sale by Director Anita D. Britt, who reduced her stake by 42.78%, highlighting possible shifts in investor sentiment.

VSE (NASDAQ:VSEC - Get Free Report) had its price target upped by Royal Bank Of Canada from $150.00 to $180.00 in a report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 23.24% from the stock's current price.

A number of other research firms also recently issued reports on VSEC. B. Riley boosted their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Truist Financial boosted their price objective on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, VSE currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.00.

VSE Stock Performance

Shares of NASDAQ:VSEC traded down $10.49 during trading on Friday, hitting $146.05. The stock had a trading volume of 149,312 shares, compared to its average volume of 242,434. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. VSE has a 12-month low of $73.36 and a 12-month high of $158.11. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 130.50 and a beta of 1.26. The stock has a 50-day simple moving average of $132.58 and a two-hundred day simple moving average of $119.62.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.69 by $0.28. The business had revenue of $272.14 million during the quarter, compared to analysts' expectations of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.37%. The business's quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, equities research analysts expect that VSE will post 2.96 earnings per share for the current fiscal year.

Insider Activity at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the transaction, the director owned 3,837 shares of the company's stock, valued at approximately $496,431.06. This represents a 42.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.60% of the stock is owned by company insiders.

Institutional Trading of VSE

Institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC grew its stake in VSE by 857.1% in the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after acquiring an additional 420 shares during the period. Amalgamated Bank grew its position in shares of VSE by 36.5% in the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after purchasing an additional 163 shares during the period. KBC Group NV purchased a new stake in shares of VSE during the first quarter worth about $99,000. Tower Research Capital LLC TRC increased its stake in shares of VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of VSE during the 1st quarter worth about $202,000. 91.54% of the stock is currently owned by hedge funds and other 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.

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