VSE Corp. Hits 52 Week High on Robust Fundamentals - Analyst Blog


On Jul 1, shares of VSE Corp. ( VSEC ) 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 Defense.

VSE currently carries a Zacks Rank #4 (Sell). Some other stocks worth consideration in the engineering and heavy industry include Willdan Group, Inc. ( WLDN ), Tutor Perini Corporation ( TPC ) and EMCOR Group, Inc. ( EME ). All three stocks sport a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: USPS , EME , WLDN , TPC , VSEC



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