VSE Co. (NASDAQ:VSEC - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $140.64 and last traded at $140.55, with a volume of 152106 shares changing hands. The stock had previously closed at $138.28.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. B. Riley increased 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. Truist Financial increased their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of VSE to a "sell" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada increased their price objective on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.17.
Read Our Latest Research Report on VSE
VSE Price Performance
The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.85 billion, a PE ratio of 172.44 and a beta of 1.28. The stock's 50-day moving average is $123.17 and its two-hundred day moving average is $112.80.
VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. The business had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. On average, equities analysts predict that VSE Co. will post 2.96 EPS for the current year.
VSE Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th 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 0.29%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is presently 50.00%.
Insider Transactions at VSE
In related news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the transaction, the director now directly owns 3,837 shares of the company's stock, valued at $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 14.60% of the company's stock.
Hedge Funds Weigh In On VSE
Several institutional investors have recently bought and sold shares of VSEC. Allspring Global Investments Holdings LLC purchased a new position in VSE during the fourth quarter valued at approximately $24,018,000. Rhumbline Advisers boosted its stake in VSE by 12.5% in the fourth quarter. Rhumbline Advisers now owns 25,727 shares of the construction company's stock valued at $2,447,000 after acquiring an additional 2,866 shares in the last quarter. Truist Financial Corp acquired a new stake in VSE in the fourth quarter valued at approximately $557,000. New York State Common Retirement Fund boosted its stake in VSE by 178.3% in the fourth quarter. New York State Common Retirement Fund now owns 128,876 shares of the construction company's stock valued at $12,256,000 after acquiring an additional 82,576 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in VSE by 106.7% in the fourth quarter. Wealthspire Advisors LLC now owns 13,490 shares of the construction company's stock valued at $1,283,000 after acquiring an additional 6,965 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
About VSE
(
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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