VSE (NASDAQ:VSEC) Hits New 1-Year High – Here’s Why

VSE Corporation (NASDAQ:VSEC)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $233.00 and last traded at $232.23, with a volume of 54210 shares. The stock had previously closed at $228.50.

Wall Street Analysts Forecast Growth

VSEC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $268.00 target price on shares of VSE in a research report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on VSE from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Jefferies Financial Group restated a “buy” rating and issued a $245.00 price objective on shares of VSE in a report on Sunday, May 10th. Truist Financial raised shares of VSE to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings lowered shares of VSE from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.78.

VSE Trading Up 1.6%

The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 98.22, a PEG ratio of 2.51 and a beta of 1.25. The company has a fifty day moving average price of $189.17 and a two-hundred day moving average price of $195.55. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12.

VSE (NASDAQ:VSEC) last issued its earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.24. VSE had a return on equity of 6.56% and a net margin of 4.95%.The business had revenue of $324.58 million during the quarter, compared to the consensus estimate of $309.19 million. During the same period last year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, research analysts forecast that VSE Corporation will post 4.29 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, July 15th. VSE’s dividend payout ratio is presently 16.88%.

Insider Buying and Selling

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the sale, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after buying an additional 153 shares during the period. AQR Capital Management LLC purchased a new stake in shares of VSE in the 1st quarter valued at approximately $247,000. Ellevest Inc. acquired a new position in shares of VSE in the 4th quarter worth approximately $323,000. Farther Finance Advisors LLC boosted its position in shares of VSE by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after purchasing an additional 323 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of VSE by 47.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock worth $968,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.