VSE (NASDAQ:VSEC) Reaches New 12-Month High – What’s Next?

VSE Co. (NASDAQ:VSEC) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $121.00 and last traded at $120.57, with a volume of 4635 shares traded. The stock had previously closed at $120.79.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VSEC shares. B. Riley upped their price target on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday, November 7th. Truist Financial increased their target price on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group increased their target price on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, VSE presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

VSE Price Performance

The firm has a market capitalization of $2.48 billion, a P/E ratio of 37.28 and a beta of 1.56. The firm has a 50 day moving average price of $95.02 and a 200-day moving average price of $88.35. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same period last year, the company earned $0.92 EPS. On average, analysts expect that VSE Co. will post 2.9 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the sale, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On VSE

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in VSE by 11.9% during the 1st 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 in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of VSE in the 1st quarter valued at $3,072,000. Capital Research Global Investors purchased a new position in shares of VSE in the 1st quarter valued at $81,623,000. Wisconsin Capital Management LLC increased its holdings in shares of VSE by 14.9% in the 3rd quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock valued at $4,813,000 after acquiring an additional 7,522 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares during the period. 91.54% of the stock is owned by institutional investors.

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.