VSE (NASDAQ:VSEC) Reaches New 1-Year High – Still a Buy?

VSE Corporation (NASDAQ:VSEC)’s share price reached a new 52-week high on Thursday . The company traded as high as $225.59 and last traded at $224.65, with a volume of 611871 shares. The stock had previously closed at $217.46.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VSEC. Stifel Nicolaus raised their price target on shares of VSE from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. B. Riley Financial boosted their target price on shares of VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada increased their price target on VSE from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. Finally, Truist Financial set a $222.00 target price on VSE in a research note on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus target price of $224.71.

VSE Trading Up 3.3%

The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $195.25 and a 200-day simple moving average of $177.06. The company has a market capitalization of $5.18 billion, a PE ratio of 330.37, a PEG ratio of 2.43 and a beta of 1.35.

Institutional Trading of VSE

A number of large investors have recently modified their holdings of VSEC. New York State Common Retirement Fund boosted its position in shares of VSE by 11.1% during the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after acquiring an additional 27,448 shares in the last quarter. Ellevest Inc. acquired a new position in VSE in the fourth quarter valued at approximately $323,000. EverSource Wealth Advisors LLC increased its stake in VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares during the last quarter. Handelsbanken Fonder AB increased its stake in VSE by 47.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in VSE by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

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.