VSE (NASDAQ:VSEC) Share Price Passes Above 200-Day Moving Average – What’s Next?

VSE Corporation (NASDAQ:VSEC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $159.75 and traded as high as $176.05. VSE shares last traded at $172.77, with a volume of 248,127 shares.

Wall Street Analysts Forecast Growth

VSEC has been the subject of several recent research reports. Stifel Nicolaus started coverage on VSE in a research note on Tuesday, September 16th. They issued a “buy” rating and a $199.00 price objective for the company. Citigroup initiated coverage on shares of VSE in a report on Thursday, December 11th. They issued a “buy” rating and a $215.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a report on Monday. Truist Financial reiterated a “buy” rating and set a $201.00 price objective (up previously from $177.00) on shares of VSE in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada upped their target price on VSE from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

VSE Stock Performance

The firm’s fifty day moving average is $174.06 and its 200-day moving average is $159.75. The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $3.98 billion, a PE ratio of 254.08, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Monday, October 27th. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. The business had revenue of $282.91 million during the quarter, compared to analysts’ expectations of $276.48 million. VSE had a net margin of 1.23% and a return on equity of 7.64%. VSE’s quarterly revenue was up 38.9% on a year-over-year basis. As a group, research analysts anticipate that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s payout ratio is presently 58.82%.

Institutional Investors Weigh In On VSE

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of VSE by 29.8% during the second quarter. Rhumbline Advisers now owns 32,625 shares of the construction company’s stock worth $4,273,000 after buying an additional 7,484 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of VSE in the 2nd quarter valued at $498,000. Talon Private Wealth LLC purchased a new stake in shares of VSE during the 1st quarter worth $1,021,000. Emerald Mutual Fund Advisers Trust lifted its position in shares of VSE by 86.4% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 132,416 shares of the construction company’s stock worth $17,344,000 after purchasing an additional 61,392 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new position in shares of VSE during the third quarter worth $887,000. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Company Profile

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.