VSE (NASDAQ:VSEC) Reaches New 1-Year High - What's Next?

VSE Co. (NASDAQ:VSEC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $124.44 and last traded at $123.80, with a volume of 44141 shares traded. The stock had previously closed at $120.36.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VSEC shares. Truist Financial upped their price target on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada raised their target price on shares of VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.67.

VSE Stock Performance

The business's fifty day moving average price is $109.03 and its two-hundred day moving average price is $103.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The stock has a market capitalization of $2.36 billion, a P/E ratio of 137.00 and a beta of 1.62.

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VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. As a group, sell-side analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.35%. VSE's payout ratio is 48.19%.

Institutional Trading of VSE

Several institutional investors and hedge funds have recently made changes to their positions in VSEC. T. Rowe Price Investment Management Inc. boosted its position in VSE by 52.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock valued at $192,689,000 after buying an additional 698,642 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of VSE in the fourth quarter valued at approximately $35,834,000. Artisan Partners Limited Partnership bought a new position in VSE in the fourth quarter worth approximately $31,692,000. Ameriprise Financial Inc. increased its holdings in VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock worth $68,115,000 after purchasing an additional 277,971 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after buying an additional 258,674 shares during the period. 91.54% of the stock is currently owned by 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.