VSE (NASDAQ:VSEC) Hits New 52-Week High at $83.07

Shares of VSE Co. (NASDAQ:VSECGet Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $83.07 and last traded at $83.00, with a volume of 68099 shares. The stock had previously closed at $80.39.

Analyst Upgrades and Downgrades

VSEC has been the topic of several research reports. StockNews.com downgraded VSE from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and set a $85.00 target price on shares of VSE in a research note on Tuesday, April 16th. Finally, Truist Financial increased their target price on shares of VSE from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.

Read Our Latest Analysis on VSE

VSE Trading Up 3.1 %

The company has a fifty day simple moving average of $77.32 and a 200-day simple moving average of $66.93. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.31 billion, a PE ratio of 34.54 and a beta of 1.68.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.48%. VSE’s payout ratio is 16.67%.

Institutional Trading of VSE

Several institutional investors have recently made changes to their positions in the company. Bfsg LLC purchased a new stake in VSE in the fourth quarter valued at $41,000. Amalgamated Bank raised its holdings in VSE by 18.4% in the 3rd quarter. Amalgamated Bank now owns 1,237 shares of the construction company’s stock valued at $62,000 after buying an additional 192 shares during the period. AJOVista LLC acquired a new position in VSE in the fourth quarter valued at about $75,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in VSE during the third quarter worth about $135,000. Finally, Simplex Trading LLC acquired a new stake in shares of VSE during the fourth quarter valued at about $199,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

(Get Free Report)

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.

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