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

VSE Corporation (NASDAQ:VSEC) reached a new 52-week high during trading on Thursday . The company traded as high as $220.12 and last traded at $211.0450, with a volume of 40676 shares changing hands. The stock had previously closed at $206.02.

Analyst Ratings Changes

Several brokerages have issued reports on VSEC. B. Riley raised their price objective on VSE from $185.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Citigroup raised their price target on VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada lifted their price target on VSE from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft started coverage on VSE in a report on Friday, October 17th. They issued a “buy” rating and a $195.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.29.

VSE Trading Up 3.8%

The company has a fifty day moving average of $185.61 and a two-hundred day moving average of $169.86. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 313.24, a P/E/G ratio of 2.37 and a beta of 1.37.

VSE (NASDAQ:VSEC) last released its earnings results on Monday, October 27th. The construction company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. The company had revenue of $282.91 million during the quarter, compared to analysts’ expectations of $276.48 million. VSE had a net margin of 1.23% and a return on equity of 7.64%. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, research analysts expect that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. VSE’s dividend payout ratio is 58.82%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of VSE during the 2nd quarter worth $28,000. AQR Capital Management LLC purchased a new stake in VSE during the first quarter worth about $247,000. Farther Finance Advisors LLC grew its position in VSE by 946.7% during the third quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock worth $313,000 after buying an additional 1,704 shares during the period. Handelsbanken Fonder AB purchased a new position in VSE in the second quarter valued at about $498,000. Finally, SG Americas Securities LLC lifted its position in shares of VSE by 262.1% during the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock valued at $693,000 after acquiring an additional 3,017 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

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.