VSE (NASDAQ:VSEC) Sets New 52-Week High – Here’s Why

VSE Corporation (NASDAQ:VSEC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $225.59 and last traded at $224.65, with a volume of 611871 shares trading hands. The stock had previously closed at $217.46.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their target price on shares of VSE from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Citigroup upped their price target on VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. B. Riley Financial boosted their target price on VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada boosted their price objective on shares of VSE from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.71.

VSE Stock Up 3.3%

The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 330.37, a P/E/G ratio of 2.43 and a beta of 1.35. The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $195.25 and its two-hundred day moving average is $177.06.

Hedge Funds Weigh In On VSE

Several institutional investors have recently added to or reduced their stakes in VSEC. Fred Alger Management LLC raised its holdings in VSE by 26.2% in the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after buying an additional 81,788 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after acquiring an additional 32,489 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of VSE by 11.1% during the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after acquiring an additional 27,448 shares in the last quarter. Emerald Advisers LLC boosted its position in VSE by 38.3% during the 2nd quarter. Emerald Advisers LLC now owns 226,784 shares of the construction company’s stock worth $29,704,000 after purchasing an additional 62,849 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in VSE by 2.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after purchasing an additional 3,100 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.