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

VSE Co. (NASDAQ:VSEC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $121.00 and last traded at $120.57, with a volume of 4635 shares trading hands. The stock had previously closed at $120.79.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VSEC. StockNews.com upgraded shares of VSE to a “sell” rating in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Royal Bank of Canada raised their price objective on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their target price on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, B. Riley increased their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

VSE Stock Down 0.7 %

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

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same period last year, the business posted $0.92 EPS. As a group, equities research analysts anticipate that VSE Co. will post 2.96 EPS for the current year.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the sale, the insider now directly owns 463,284 shares in the company, valued at $42,543,369.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 14.60% of the company’s stock.

Institutional Trading of VSE

Several hedge funds and other institutional investors have recently bought and sold shares of VSEC. Innealta Capital LLC acquired a new position in VSE in the second quarter valued at about $42,000. US Bancorp DE lifted its position in shares of VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after purchasing an additional 2,384 shares in the last quarter. Archer Investment Corp acquired a new position in shares of VSE during the second quarter worth approximately $247,000. Park Avenue Securities LLC lifted its position in shares of VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after purchasing an additional 464 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in VSE in the third quarter valued at approximately $394,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.