On Jul 1, shares of
) achieved a new 52-week high of $70.35. The company's strong
fundamentals and a robust balance sheet drove the upside. The stock
returned over 46% in the year-to-date timeframe compared with
NASDAQ's return of just about 6%.
Recently, the company's subsidiary- Wheeler Bros., Inc. (WBI)
won the 2013 Postal Service Supplier Performance Award from the
U.S. Postal Service (USPS). WBI undertakes the maintenance of
USPS's vehicle fleet apart from managing the web-based inventory
program for its vehicle parts. WBI specializes in innovative
engineering solutions for vehicle fleet that not only improves the
product life-cycle but also minimizes costs and enhances
performance of the crucial components. WBI has been conferred with
this award for the seventh time.
VSEC's persistent efforts to diversify and expand its business
while simultaneously reducing costs are some of its growth drivers.
The company has been focused on expanding its products and services
to diversify its business portfolio. VSE now provides solutions for
maintenance of vehicle, ship and aircraft as well as service life
extension, and logistics support to markets other than the U.S.
Department of Defense. These high margin businesses comprised more
than 50% of the company's total sales in 2013.
WBI is VSE Corp's supply chain management arm catering to the
procurement and distribution requirements of fleet vehicle
maintenance and defense works. The company focuses on its high
quality vehicle parts to meet the challenging demands from federal
agencies like U.S. Postal Service (USPS) and the Department of
VSE currently carries a Zacks Rank #4 (Sell). Some other stocks
worth consideration in the engineering and heavy industry include
Willdan Group, Inc.
Tutor Perini Corporation
EMCOR Group, Inc.
). All three stocks sport a Zacks Rank #1 (Strong Buy).
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