VSE (NASDAQ:VSEC) Reaches New 1-Year High – Here’s What Happened

VSE Co. (NASDAQ:VSEC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $124.44 and last traded at $123.80, with a volume of 44141 shares changing hands. The stock had previously closed at $120.36.

Wall Street Analyst Weigh In

VSEC has been the topic of several recent analyst reports. StockNews.com upgraded shares of VSE to a “sell” rating in a report on Thursday, March 6th. Truist Financial lifted their price objective on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada raised their target price on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.67.

VSE Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $108.16 and its two-hundred day simple moving average is $103.20. The company has a market capitalization of $2.59 billion, a P/E ratio of 151.93 and a beta of 1.62.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million for the quarter, compared to analyst estimates 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 expect that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. VSE’s payout ratio is presently 48.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after buying an additional 134 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of VSE by 14.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company’s stock worth $175,000 after purchasing an additional 233 shares in the last quarter. Corebridge Financial Inc. increased its position in shares of VSE by 3.0% in the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company’s stock valued at $832,000 after buying an additional 258 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock worth $138,000 after buying an additional 258 shares during the period. Finally, Bragg Financial Advisors Inc lifted its holdings in VSE by 0.5% during the fourth quarter. Bragg Financial Advisors Inc now owns 60,648 shares of the construction company’s stock worth $5,768,000 after acquiring an additional 299 shares in the last quarter. 91.54% of the stock is currently 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.