VSE (NASDAQ:VSEC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of VSE Corporation (NASDAQ:VSEC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $175.06 and traded as high as $215.00. VSE shares last traded at $202.89, with a volume of 449,474 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on VSE in a report on Friday, October 17th. They set a “buy” rating and a $195.00 price target for the company. Truist Financial set a $222.00 price objective on shares of VSE in a research report on Friday, January 9th. Citigroup lifted their target price on shares of VSE from $215.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Royal Bank Of Canada increased their price target on shares of VSE from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Stifel Nicolaus lifted their price objective on VSE from $209.00 to $250.00 and gave the company a “buy” rating in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $224.71.

VSE Stock Down 1.6%

The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 298.37, a price-to-earnings-growth ratio of 2.35 and a beta of 1.35. The firm’s 50-day simple moving average is $191.92 and its two-hundred day simple moving average is $175.06.

VSE Announces Dividend

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

Institutional Investors Weigh In On VSE

A number of large investors have recently added to or reduced their stakes in VSEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in VSE during the second quarter worth about $28,000. EverSource Wealth Advisors LLC increased its stake in shares of VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of VSE during the 1st quarter worth approximately $247,000. Farther Finance Advisors LLC raised its position in shares of VSE by 946.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock worth $313,000 after purchasing an additional 1,704 shares during the last quarter. Finally, Ellevest Inc. purchased a new stake in VSE in the 4th quarter valued at approximately $323,000. 91.54% of the stock is owned by institutional investors and hedge funds.

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.