VSE (NASDAQ:VSEC) Hits New 52-Week High Following Strong Earnings

Shares of VSE Co. (NASDAQ:VSEC) hit a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $129.08 and last traded at $124.43, with a volume of 37350 shares changing hands. The stock had previously closed at $118.06.

The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. The business had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm’s revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. VSE’s payout ratio is presently 48.19%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada boosted their price target on VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday. B. Riley upped their target price on VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial lifted their price target on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Finally, StockNews.com raised shares of VSE to a “sell” rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, VSE currently has an average rating of “Moderate Buy” and a consensus price target of $125.17.

Institutional Trading of VSE

A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its position in shares of 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. increased its holdings in VSE by 14.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company’s stock valued at $175,000 after buying an additional 233 shares during the period. US Bancorp DE raised its stake in shares of VSE by 8.5% in 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 in the last quarter. Corebridge Financial Inc. lifted its holdings 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 worth $832,000 after acquiring an additional 258 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock valued at $138,000 after acquiring an additional 258 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The firm has a market cap of $2.72 billion, a P/E ratio of 158.35 and a beta of 1.34. The stock’s 50 day moving average is $115.77 and its two-hundred day moving average is $109.17.

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.