VSE (NASDAQ:VSEC) Reaches New 52-Week High – Should You Buy?

VSE Corporation (NASDAQ:VSEC) reached a new 52-week high during trading on Monday . The stock traded as high as $205.84 and last traded at $206.13, with a volume of 54699 shares trading hands. The stock had previously closed at $201.40.

Wall Street Analyst Weigh In

VSEC has been the subject of a number of recent analyst reports. Wolfe Research assumed coverage on shares of VSE in a research report on Monday, September 29th. They issued an “outperform” rating and a $190.00 price target for the company. Citigroup began coverage on VSE in a report on Thursday, December 11th. They issued a “buy” rating and a $215.00 target price on the stock. Truist Financial set a $222.00 price objective on shares of VSE in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Finally, Stifel Nicolaus started coverage on shares of VSE in a report on Tuesday, September 16th. They set a “buy” rating and a $199.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.71.

VSE Stock Up 3.6%

The company’s 50 day moving average price is $175.88 and its 200 day moving average price is $162.62. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 306.70, a P/E/G ratio of 2.31 and a beta of 1.37.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Monday, October 27th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. The business had revenue of $282.91 million for the quarter, compared to the consensus estimate of $276.48 million. VSE had a net margin of 1.23% and a return on equity of 7.64%. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. As a group, research analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s dividend payout ratio is currently 58.82%.

Institutional Trading of VSE

Several large investors have recently bought and sold shares of VSEC. Fred Alger Management LLC increased its position in shares of VSE by 26.2% during the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after acquiring an additional 81,788 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after buying an additional 32,489 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of VSE by 31.2% during the 3rd quarter. New York State Common Retirement Fund now owns 247,417 shares of the construction company’s stock worth $41,131,000 after acquiring an additional 58,805 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of VSE by 38.3% during the 2nd quarter. Emerald Advisers LLC now owns 226,784 shares of the construction company’s stock worth $29,704,000 after buying an additional 62,849 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in VSE by 2.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after acquiring an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.