VSE (NASDAQ:VSEC) Sets New 52-Week High at $88.43

VSE Co. (NASDAQ:VSECGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $88.43 and last traded at $87.33, with a volume of 67351 shares trading hands. The stock had previously closed at $86.50.

Analyst Ratings Changes

Several research firms have weighed in on VSEC. Benchmark raised their target price on shares of VSE from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, June 14th. B. Riley raised their target price on shares of VSE from $91.00 to $101.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Truist Financial raised their target price on shares of VSE from $86.00 to $92.00 and gave the company a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.75.

View Our Latest Research Report on VSEC

VSE Trading Down 0.9 %

The firm has a market capitalization of $1.39 billion, a PE ratio of 27.06 and a beta of 1.62. The company has a quick ratio of 0.99, a current ratio of 3.33 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $80.42 and its 200 day moving average price is $72.91.

VSE (NASDAQ:VSECGet Free Report) last released its earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.12. VSE had a net margin of 2.56% and a return on equity of 8.85%. The business had revenue of $241.54 million for the quarter, compared to analysts’ expectations of $242.42 million. As a group, analysts expect that VSE Co. will post 3.47 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bfsg LLC acquired a new position in VSE during the fourth quarter valued at approximately $41,000. AJOVista LLC acquired a new position in VSE during the fourth quarter valued at approximately $75,000. Simplex Trading LLC acquired a new position in shares of VSE during the fourth quarter worth $199,000. Park Avenue Securities LLC acquired a new position in shares of VSE during the first quarter worth $221,000. Finally, Caprock Group LLC acquired a new position in shares of VSE during the first quarter worth $241,000. 91.54% of the stock is owned by institutional investors and hedge funds.

About VSE

(Get Free Report)

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.

Further Reading

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