VSE (NASDAQ:VSEC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of VSE Corporation (NASDAQ:VSEC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $188.05 and traded as high as $224.79. VSE shares last traded at $224.64, with a volume of 335,619 shares changing hands.

Analysts Set New Price Targets

VSEC has been the topic of a number of recent research reports. Citigroup dropped their target price on VSE from $261.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. William Blair restated an “outperform” rating on shares of VSE in a report on Thursday, March 12th. Stifel Nicolaus raised their target price on VSE from $250.00 to $260.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Truist Financial set a $222.00 price target on VSE in a research report on Friday, January 9th. Finally, Royal Bank Of Canada increased their price target on VSE from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.29.

VSE Stock Up 4.6%

The company has a quick ratio of 1.43, a current ratio of 3.76 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $6.36 billion, a PE ratio of 254.49, a P/E/G ratio of 1.98 and a beta of 1.43. The stock has a 50-day moving average of $204.17 and a 200 day moving average of $188.68.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. The company had revenue of $301.18 million during the quarter, compared to the consensus estimate of $289.55 million. VSE had a return on equity of 7.60% and a net margin of 1.84%.VSE’s revenue was up 32.4% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. Sell-side analysts anticipate that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th. VSE’s dividend payout ratio (DPR) is presently 44.94%.

Institutional Trading of VSE

Hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund raised its stake in shares of VSE by 31.2% in the third quarter. New York State Common Retirement Fund now owns 247,417 shares of the construction company’s stock valued at $41,131,000 after buying an additional 58,805 shares during the period. SG Americas Securities LLC raised its stake in shares of VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after buying an additional 55,474 shares during the period. Fred Alger Management LLC raised its stake in shares of VSE by 26.2% in the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after buying an additional 81,788 shares during the period. Argent Capital Management LLC bought a new stake in shares of VSE in the third quarter valued at $887,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of VSE by 2.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after buying an additional 3,100 shares during the period. 91.54% of the stock is currently owned by institutional investors.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.