VSE (NASDAQ:VSEC) Sets New 1-Year High - Here's What Happened

Key Points

• VSE Corporation's stock reached a new 52-week high of $169.78, reflecting positive trading volume and investor interest.
• Royal Bank of Canada recently raised its target price on VSE shares from $150 to $180 and maintains an "outperform" rating, contributing to a consensus "Buy" rating from analysts.
• The company reported a 41.1% year-over-year revenue increase and earnings per share of $0.97, exceeding estimates, while also announcing a quarterly dividend of $0.10 per share.

VSE Corporation (NASDAQ:VSEC - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $169.78 and last traded at $168.71, with a volume of 27692 shares trading hands. The stock had previously closed at $166.24.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their price target on VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, VSE currently has a consensus rating of "Buy" and an average target price of $145.00.

VSE Trading Down 2.0%

The company has a 50 day moving average of $150.91 and a 200-day moving average of $132.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 3.73. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 146.88 and a beta of 1.37.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.28. VSE had a return on equity of 7.25% and a net margin of 1.94%.The firm had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. During the same quarter in the prior year, the company earned $0.47 EPS. VSE's revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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 Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE's dividend payout ratio (DPR) is currently 35.71%.

Institutional Investors Weigh In On VSE

A number of hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its position in VSE by 12.7% in the 2nd quarter. New York State Common Retirement Fund now owns 188,612 shares of the construction company's stock valued at $24,704,000 after purchasing an additional 21,293 shares in the last quarter. Rhumbline Advisers raised its position in VSE by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 32,625 shares of the construction company's stock valued at $4,273,000 after purchasing an additional 7,484 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in VSE in the 2nd quarter valued at about $498,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of VSE in the 2nd quarter valued at about $28,000. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of VSE by 86.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 132,416 shares of the construction company's stock valued at $17,344,000 after acquiring an additional 61,392 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

About VSE

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.