VSE (NASDAQ:VSEC) Reaches New 12-Month High - Here's What Happened

Key Points

• VSE Corporation (NASDAQ:VSEC) shares reached a new 52-week high of $171.00 during mid-day trading, with a current trading price of $170.50.
• Wall Street analysts have a positive outlook on VSE, with five giving it a Buy rating and one firm raising the price target to $199.00.
• The company reported strong earnings with $0.97 earnings per share for the last quarter, exceeding estimates and demonstrating a 41.1% year-over-year revenue increase.

VSE Corporation (NASDAQ:VSEC - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $171.00 and last traded at $170.50, with a volume of 45543 shares trading hands. The stock had previously closed at $165.48.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Stifel Nicolaus began coverage on VSE in a research report on Tuesday. They set a "buy" rating and a $199.00 price target for the company. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $155.80.

VSE Price Performance

The firm has a 50-day simple moving average of $155.00 and a two-hundred day simple moving average of $134.28. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 143.70 and a beta of 1.37. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. The firm had revenue of $272.14 million for the quarter, compared to the consensus estimate of $267.39 million. VSE had a return on equity of 7.25% and a net margin of 1.94%.The company's revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. As a group, analysts predict that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's payout ratio is currently 35.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSEC. T. Rowe Price Investment Management Inc. raised its position in shares of VSE by 25.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock worth $304,460,000 after acquiring an additional 511,214 shares during the period. Vanguard Group Inc. boosted its stake in VSE by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,081,004 shares of the construction company's stock worth $129,710,000 after purchasing an additional 9,459 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of VSE by 48.5% in the first quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock valued at $127,654,000 after buying an additional 347,664 shares during the last quarter. Durable Capital Partners LP boosted its position in VSE by 41.9% during the first quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company's stock worth $103,793,000 after acquiring an additional 255,434 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in VSE by 100.5% in the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock valued at $90,648,000 after acquiring an additional 378,661 shares during the last quarter. Hedge funds and other institutional investors 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.