VSE (NASDAQ:VSEC) Reaches New 1-Year High – Time to Buy?

VSE Co. (NASDAQ:VSEC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $114.12 and last traded at $111.32, with a volume of 19418 shares trading hands. The stock had previously closed at $106.31.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of VSE from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial upped their target price on shares of VSE from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Finally, Jefferies Financial Group boosted their price objective on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.83.

VSE Stock Performance

The business’s fifty day simple moving average is $91.62 and its 200-day simple moving average is $86.67. The company has a market capitalization of $2.15 billion, a P/E ratio of 31.69 and a beta of 1.56. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53.

Insider Buying and Selling

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the transaction, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On VSE

Institutional investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of VSE during the 2nd quarter valued at about $42,000. US Bancorp DE increased its stake in VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after acquiring an additional 2,384 shares during the last quarter. Archer Investment Corp bought a new stake in VSE during the second quarter worth approximately $247,000. Park Avenue Securities LLC raised its position in VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after purchasing an additional 464 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of VSE by 22.9% in the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock valued at $399,000 after purchasing an additional 842 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.