VSE (NASDAQ:VSEC) Sets New 12-Month High on Analyst Upgrade

Key Points

• VSE Corporation's stock reached a new 12-month high after the Royal Bank of Canada upgraded its price target from $150.00 to $180.00, with the stock last trading at $158.07.
• The company announced a quarterly dividend of $0.10 per share, to be paid on October 29th, with a dividend yield of 0.3%.
• VSE's recent earnings report showed an EPS of $0.97, exceeding estimates, and a revenue increase of 41.1% year-over-year.

VSE Corporation (NASDAQ:VSEC - Get Free Report)'s stock price reached a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from $150.00 to $180.00. Royal Bank Of Canada currently has an outperform rating on the stock. VSE traded as high as $158.88 and last traded at $158.07, with a volume of 258960 shares changing hands. The stock had previously closed at $146.27.

Several other analysts have also recently commented on the stock. Truist Financial boosted their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. B. Riley boosted their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, VSE has a consensus rating of "Moderate Buy" and a consensus price target of $145.00.

Insider Transactions at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the transaction, the director owned 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On VSE

Institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its stake in VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after acquiring an additional 420 shares during the last quarter. Amalgamated Bank raised its holdings in VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after buying an additional 163 shares in the last quarter. KBC Group NV bought a new stake in shares of VSE during the 1st quarter worth about $99,000. Tower Research Capital LLC TRC raised its stake in shares of VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after acquiring an additional 258 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in VSE by 14.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock worth $175,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Up 6.9%

The stock has a market cap of $3.23 billion, a P/E ratio of 139.87 and a beta of 1.33. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $132.97 and a 200-day simple moving average of $120.23.

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 analysts' consensus estimates of $0.69 by $0.28. The company had revenue of $272.14 million during the quarter, compared to analysts' expectations of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.37%. VSE's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Analysts expect that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The company 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is presently 35.71%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.