VSE (NASDAQ:VSEC) Reaches New 1-Year High - Here's What Happened

VSE Co. (NASDAQ:VSEC - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $106.21 and last traded at $106.04, with a volume of 79236 shares. The stock had previously closed at $104.80.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Benchmark reiterated a "buy" rating and issued a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. Jefferies Financial Group upped their price objective on VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of VSE from $100.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Truist Financial lifted their price target on shares of VSE from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, VSE presently has an average rating of "Moderate Buy" and an average price target of $107.83.

VSE Price Performance

The firm has a market capitalization of $1.96 billion, a PE ratio of 23.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The company has a 50-day moving average price of $90.17 and a 200-day moving average price of $85.69.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a return on equity of 7.87% and a net margin of 1.21%. The business had revenue of $265.96 million for the quarter, compared to analyst estimates of $256.60 million. Sell-side analysts forecast that VSE Co. will post 3.03 EPS for the current year.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VSEC. Capital Research Global Investors bought a new stake in VSE in the first quarter valued at about $81,623,000. AltraVue Capital LLC bought a new position in shares of VSE in the second quarter valued at $48,343,000. Allspring Global Investments Holdings LLC acquired a new stake in VSE during the 2nd quarter valued at $10,326,000. Hennessy Advisors Inc. acquired a new stake in VSE during the 2nd quarter valued at $9,388,000. Finally, Jennison Associates LLC raised its stake in VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company's stock valued at $44,912,000 after purchasing an additional 65,495 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

About VSE

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.