VSE (NASDAQ:VSEC) Sets New 12-Month High at $83.07

VSE Co. (NASDAQ:VSEC)’s stock price reached a new 52-week high on Friday . The stock traded as high as $83.07 and last traded at $83.00, with a volume of 68099 shares changing hands. The stock had previously closed at $80.39.

Analyst Ratings Changes

VSEC has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $85.00 price objective on shares of VSE in a research report on Tuesday, April 16th. Truist Financial raised their price target on VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, StockNews.com downgraded VSE from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.25.

VSE Stock Performance

The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.31 billion, a PE ratio of 34.54 and a beta of 1.68. The firm’s 50-day simple moving average is $77.32 and its two-hundred day simple moving average is $66.86.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. VSE’s dividend payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in VSE in the 3rd quarter valued at about $294,000. Bank of New York Mellon Corp lifted its holdings in VSE by 9.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 89,374 shares of the construction company’s stock valued at $4,508,000 after purchasing an additional 7,659 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of VSE during the third quarter worth $135,000. Roubaix Capital LLC raised its position in shares of VSE by 17.2% in the third quarter. Roubaix Capital LLC now owns 91,443 shares of the construction company’s stock valued at $4,612,000 after buying an additional 13,436 shares during the last quarter. Finally, TD Asset Management Inc purchased a new position in shares of VSE in the third quarter worth about $1,609,000. 91.54% of the stock is currently owned by hedge funds and other 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.