VSE (NASDAQ:VSEC) Sets New 1-Year High – What’s Next?
by Teresa Graham · The Cerbat GemVSE Corporation (NASDAQ:VSEC – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $186.54 and last traded at $186.75, with a volume of 33115 shares changing hands. The stock had previously closed at $181.32.
Analyst Ratings Changes
A number of brokerages recently issued reports on VSEC. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. B. Riley boosted their target price on shares of VSE from $185.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Truist Financial restated a “buy” rating and issued a $201.00 target price (up previously from $177.00) on shares of VSE in a research note on Wednesday, October 29th. Stifel Nicolaus started coverage on shares of VSE in a research report on Tuesday, September 16th. They set a “buy” rating and a $199.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on VSE in a report on Friday, October 17th. They issued a “buy” rating and a $195.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.71.
Get Our Latest Research Report on VSEC
VSE Price Performance
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.41 and a current ratio of 3.94. The company’s fifty day moving average price is $174.76 and its 200 day moving average price is $161.33. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 295.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37.
VSE (NASDAQ:VSEC – Get Free Report) last released its quarterly earnings data on Monday, October 27th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. VSE had a net margin of 1.23% and a return on equity of 7.64%. The firm had revenue of $282.91 million for the quarter, compared to analyst estimates of $276.48 million. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. Equities research analysts expect that VSE Corporation will post 2.96 earnings per share for the current year.
VSE Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is 58.82%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in VSEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in VSE in the second quarter valued at $28,000. AQR Capital Management LLC bought a new stake in VSE in the 1st quarter valued at about $247,000. Farther Finance Advisors LLC lifted its position in VSE by 946.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in VSE during the 2nd quarter valued at about $498,000. Finally, SG Americas Securities LLC grew 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 worth $693,000 after purchasing an additional 3,017 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.
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.