VSE (NASDAQ:VSEC) Reaches New 52-Week High – Time to Buy?

VSE Co. (NASDAQ:VSEC) hit a new 52-week high on Tuesday . The stock traded as high as $121.00 and last traded at $120.57, with a volume of 4635 shares changing hands. The stock had previously closed at $120.79.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VSEC shares. Royal Bank of Canada increased their price objective on shares of VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. Truist Financial upped their target price on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.83.

VSE Price Performance

The company’s 50-day moving average price is $93.65 and its 200-day moving average price is $87.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.17. The company has a market cap of $2.45 billion, a P/E ratio of 35.21 and a beta of 1.56.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that VSE Co. will post 2.96 earnings per share for the current fiscal year.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 9,300 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total transaction of $836,070.00. Following the completion of the transaction, the insider now owns 492,284 shares in the company, valued at approximately $44,256,331.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after purchasing an additional 20,114 shares during the last quarter. Primecap Management Co. CA acquired a new stake in VSE in the third quarter valued at $11,016,000. Intech Investment Management LLC acquired a new stake in VSE in the third quarter valued at $394,000. Jennison Associates LLC lifted its stake in VSE by 3.8% in the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after acquiring an additional 29,811 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in VSE by 30.5% in the third quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company’s stock valued at $1,274,000 after acquiring an additional 3,601 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.