VSE Corporation (NASDAQ:VSEC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $113.77 and traded as high as $139.38. VSE shares last traded at $139.27, with a volume of 150,741 shares.
Analyst Ratings Changes
VSEC has been the topic of a number of research reports. Wall Street Zen raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. B. Riley increased their price objective on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada lifted their price objective on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Truist Financial upped 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. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and an average price target of $125.17.
Read Our Latest Stock Analysis on VSEC
VSE Trading Up 2.0%
The firm has a market capitalization of $2.69 billion, a PE ratio of 162.83 and a beta of 1.28. 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 company's 50-day simple moving average is $127.81 and its 200 day simple moving average is $114.09.
VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. VSE had a net margin of 1.41% and a return on equity of 6.62%. The company had revenue of $256.05 million during the quarter, compared to analysts' expectations of $248.20 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. VSE's revenue for the quarter was up 57.6% compared to the same quarter last year. As a group, sell-side analysts expect that VSE Corporation will post 2.96 EPS for the current year.
VSE Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. VSE's payout ratio is 50.00%.
Insider Buying and Selling
In other VSE news, Director Anita D. Britt sold 2,869 shares of the stock in a transaction dated 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 approximately $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On VSE
Hedge funds have recently modified their holdings of the stock. Amalgamated Bank lifted its position 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 purchasing an additional 163 shares during the period. Summit Investment Advisors Inc. grew its position in VSE by 14.5% during 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 period. US Bancorp DE raised its stake in shares of VSE by 8.5% during the 1st quarter. US Bancorp DE now owns 3,278 shares of the construction company's stock valued at $393,000 after buying an additional 257 shares during the last quarter. Corebridge Financial Inc. raised its stake in shares of VSE by 3.0% during the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock valued at $832,000 after buying an additional 258 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 258 shares during the period. Institutional investors and hedge funds 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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