VSE (NASDAQ:VSEC) Sets New 1-Year High After Analyst Upgrade

VSE Co. (NASDAQ:VSEC)’s stock price hit a new 52-week high during mid-day trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $100.00 to $110.00. Jefferies Financial Group currently has a buy rating on the stock. VSE traded as high as $96.09 and last traded at $95.00, with a volume of 271521 shares traded. The stock had previously closed at $90.00.

A number of other research analysts have also recently weighed in on the company. Truist Financial lifted their target price on VSE from $97.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus assumed coverage on VSE in a report on Friday, June 28th. They set a “buy” rating and a $101.00 target price for the company. Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus target price of $104.50.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 9,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total transaction of $836,070.00. Following the sale, the insider now directly owns 492,284 shares of the company’s stock, valued at approximately $44,256,331.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.60% of the company’s stock.

Institutional Trading of VSE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in VSE by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after buying an additional 9,608 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of VSE during the first quarter worth approximately $3,566,000. Jennison Associates LLC boosted its position in VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock worth $44,912,000 after acquiring an additional 65,495 shares during the period. Silvercrest Asset Management Group LLC bought a new position in shares of VSE in the first quarter worth $3,072,000. Finally, Capital Research Global Investors acquired a new position in shares of VSE during the first quarter valued at $81,623,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Trading Down 2.8 %

The firm has a market capitalization of $1.89 billion, a P/E ratio of 28.20 and a beta of 1.60. The business’s 50 day moving average is $87.60 and its two-hundred day moving average is $84.24. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The company had revenue of $265.96 million during the quarter, compared to the consensus estimate of $256.60 million. Analysts expect that VSE Co. will post 3.02 EPS for the current year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, November 6th.

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.