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

Key Points

• VSE Corporation (NASDAQ:VSEC) reached a new **52-week high** of $162.67 during trading, showing a significant increase from its previous close of $153.64.
• Analysts remain optimistic, with B. Riley and Royal Bank of Canada raising their price targets to **$150.00** and **$180.00** respectively, while VSE holds a **Moderate Buy** consensus rating.
• VSE reported a **41.1% increase** in quarterly revenue compared to the previous year, exceeding analyst expectations with an earnings per share (EPS) of **$0.97** versus a consensus of **$0.69**.

VSE Corporation (NASDAQ:VSEC - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $162.67 and last traded at $161.59, with a volume of 174050 shares changing hands. The stock had previously closed at $153.64.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VSEC. B. Riley upped their price target on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on shares of VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Truist Financial boosted their price objective on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. 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, VSE currently has a consensus rating of "Moderate Buy" and an average price target of $145.00.

VSE Stock Up 7.3%

The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44. The firm's 50-day moving average is $136.16 and its 200 day moving average is $122.35. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 147.24 and a beta of 1.33.

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

VSE Dividend Announcement

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

Hedge Funds Weigh In On VSE

Several institutional investors and hedge funds have recently bought and sold shares of VSEC. Wealth Enhancement Advisory Services LLC increased its position in shares of VSE by 94.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,608 shares of the construction company's stock worth $553,000 after acquiring an additional 2,236 shares in the last quarter. Amalgamated Bank increased its position in shares of VSE by 36.5% in the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after acquiring an additional 163 shares in the last quarter. KBC Group NV acquired a new stake in shares of VSE in the first quarter worth $99,000. Arizona State Retirement System increased its position in shares of VSE by 15.2% in the first quarter. Arizona State Retirement System now owns 5,528 shares of the construction company's stock worth $663,000 after acquiring an additional 730 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of VSE in the first quarter worth $337,000. 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.

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