VSE Co. (NASDAQ:VSEC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $136.00 and last traded at $131.44, with a volume of 548564 shares. The stock had previously closed at $129.14.
Analyst Upgrades and Downgrades
VSEC has been the subject of a number of research reports. Truist Financial lifted their target price on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. B. Riley upped their price objective on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada raised their target price on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.17.
View Our Latest Stock Analysis on VSE
VSE Stock Up 1.8%
The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 164.30 and a beta of 1.34. The business's 50 day moving average price is $116.30 and its 200 day moving average price is $109.67.
VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same quarter last year, the business earned $0.45 earnings per share. The firm's revenue was up 57.6% on a year-over-year basis. On average, equities analysts forecast that VSE Co. will post 2.96 EPS for the current year.
VSE Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. VSE's dividend payout ratio is presently 50.00%.
Insider Buying and Selling
In other news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the sale, the director now directly owns 3,837 shares in the company, valued at $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its position in VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after acquiring an additional 35,744 shares during the period. JPMorgan Chase & Co. increased its stake in shares of VSE by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock worth $581,000 after purchasing an additional 1,058 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of VSE by 32.5% during the 4th quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company's stock worth $481,000 after purchasing an additional 1,242 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of VSE by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 127,946 shares of the construction company's stock worth $12,168,000 after purchasing an additional 8,200 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in VSE in the 4th quarter valued at about $493,000. Hedge funds and other institutional investors own 91.54% of the company's stock.
VSE Company Profile
(
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.
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