VSE (NASDAQ:VSEC) Share Price Passes Above 200-Day Moving Average of $72.27

Shares of VSE Co. (NASDAQ:VSEC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $72.27 and traded as high as $84.51. VSE shares last traded at $83.67, with a volume of 321,133 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. B. Riley raised their price objective on shares of VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Truist Financial raised their price target on VSE from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Benchmark boosted their price objective on VSE from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.75.

VSE Stock Up 0.5 %

The company’s 50 day simple moving average is $79.83 and its 200-day simple moving average is $72.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.99 and a current ratio of 3.33. The firm has a market capitalization of $1.34 billion, a PE ratio of 25.23 and a beta of 1.62.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.12. The firm had revenue of $241.54 million for the quarter, compared to analysts’ expectations of $242.42 million. VSE had a net margin of 2.56% and a return on equity of 8.85%. On average, analysts forecast that VSE Co. will post 3.47 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.48%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bfsg LLC purchased a new stake in VSE in the fourth quarter valued at approximately $41,000. AJOVista LLC purchased a new stake in shares of VSE during the 4th quarter valued at $75,000. Park Avenue Securities LLC bought a new stake in shares of VSE during the 1st quarter worth $221,000. Caprock Group LLC purchased a new position in VSE in the first quarter worth $241,000. Finally, Simplex Trading LLC bought a new position in VSE in the fourth quarter valued at $199,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Company Profile

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.