VSE (NASDAQ:VSEC) Reaches 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 traded. The stock had previously closed at $146.27.

A number of other research analysts have also recently weighed in on the stock. Truist Financial raised their price objective 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 raised their price target on 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $145.00.

Hedge Funds Weigh In On VSE

Institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in VSE by 13.8% in the 4th quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock worth $307,000 after acquiring an additional 391 shares during the period. Vanguard Group Inc. grew its position in shares of VSE by 20.5% in the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after purchasing an additional 182,465 shares during the period. JPMorgan Chase & Co. increased its stake in VSE by 904.9% in the fourth quarter. JPMorgan Chase & Co. now owns 70,557 shares of the construction company's stock valued at $6,710,000 after purchasing an additional 63,536 shares during the last quarter. Geode Capital Management LLC increased its stake in VSE by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company's stock valued at $39,821,000 after purchasing an additional 35,919 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in VSE by 47.4% during the fourth quarter. Wells Fargo & Company MN now owns 12,982 shares of the construction company's stock worth $1,235,000 after buying an additional 4,176 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Trading Up 0.1%

The company has a current ratio of 3.73, a quick ratio of 2.12 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 138.21 and a beta of 1.33. The business has a 50 day simple moving average of $135.22 and a 200-day simple moving average of $121.47.

VSE (NASDAQ:VSEC - Get Free Report) last released 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. The business had revenue of $272.14 million for the quarter, compared to analysts' expectations of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The company's quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, equities analysts predict that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The company 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE's payout ratio is 35.71%.

VSE Company Profile

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.