Kendall Capital Management Has $7.88 Million Stake in VSE Corporation (NASDAQ:VSEC)

Kendall Capital Management reduced its position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 7.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,650 shares of the construction company's stock after selling 5,000 shares during the period. VSE comprises about 2.3% of Kendall Capital Management's investment portfolio, making the stock its 6th biggest position. Kendall Capital Management owned 0.32% of VSE worth $7,877,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VSEC. Rhumbline Advisers raised its stake in shares of VSE by 12.5% in the fourth quarter. Rhumbline Advisers now owns 25,727 shares of the construction company's stock valued at $2,447,000 after acquiring an additional 2,866 shares during the last quarter. Truist Financial Corp bought a new position in VSE in the 4th quarter valued at $557,000. Bank of New York Mellon Corp raised its position in VSE by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 80,972 shares of the construction company's stock valued at $7,700,000 after purchasing an additional 2,429 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in VSE in the 4th quarter valued at $446,000. Finally, US Bancorp DE raised its holdings in shares of VSE by 16.8% in the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock valued at $287,000 after buying an additional 435 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Trading Up 0.8%

Shares of VSEC traded up $1.02 on Wednesday, reaching $130.13. 136,846 shares of the company's stock were exchanged, compared to its average volume of 223,153. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.69 billion, a P/E ratio of 162.24 and a beta of 1.26. The business has a 50 day moving average price of $128.85 and a two-hundred day moving average price of $114.39. VSE Corporation has a 12 month low of $73.36 and a 12 month high of $140.64.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. The company had revenue of $256.05 million during the quarter, compared to analysts' expectations of $248.20 million. VSE had a net margin of 1.41% and a return on equity of 6.62%. The business's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Research analysts anticipate that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. VSE's dividend payout ratio is presently 50.00%.

Analysts Set New Price Targets

VSEC has been the subject of a number of research analyst reports. B. Riley lifted their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. Royal Bank Of Canada boosted their price objective on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Truist Financial boosted their price objective on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and an average price target of $130.00.

Insider Buying and Selling

In other news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the sale, the director directly owned 3,837 shares of the company's stock, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

VSE 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.