VSE (NASDAQ:VSEC) Hits New 1-Year High – What’s Next?
by Doug Wharley · The Cerbat GemVSE Corporation (NASDAQ:VSEC – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $216.86 and last traded at $216.2650, with a volume of 133141 shares. The stock had previously closed at $209.84.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of VSE in a research report on Monday, December 29th. Royal Bank Of Canada raised their target price on shares of VSE from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. B. Riley boosted 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. Deutsche Bank Aktiengesellschaft started coverage on VSE in a research report on Friday, October 17th. They issued a “buy” rating and a $195.00 target price for the company. Finally, Citigroup boosted their price objective on shares of VSE from $215.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.29.
View Our Latest Stock Analysis on VSEC
VSE Stock Up 3.1%
The firm has a 50-day moving average price of $180.57 and a two-hundred day moving average price of $166.64. The company has a market capitalization of $4.99 billion, a P/E ratio of 318.24, a PEG ratio of 2.40 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35.
VSE (NASDAQ:VSEC – Get Free Report) last released its earnings results on Monday, October 27th. The construction company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. The business 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 business’s revenue was up 38.9% on a year-over-year basis. Equities research analysts anticipate that VSE Corporation will post 2.96 EPS for the current fiscal year.
VSE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s payout ratio is presently 58.82%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in VSE in the second quarter worth $28,000. AQR Capital Management LLC bought a new position in shares of VSE in the first quarter valued at about $247,000. Farther Finance Advisors LLC lifted its position in VSE by 946.7% during the 3rd 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 in the last quarter. Handelsbanken Fonder AB bought a new stake in VSE during the 2nd quarter worth about $498,000. Finally, SG Americas Securities LLC increased its position in VSE by 262.1% in 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 in the last quarter. 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.