VSE Corporation (NASDAQ:VSEC) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc reduced its stake in VSE Corporation (NASDAQ:VSEC - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,200 shares of the construction company's stock after selling 4,800 shares during the period. K.J. Harrison & Partners Inc owned approximately 0.15% of VSE worth $3,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VSEC. Rhumbline Advisers grew its holdings 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 purchasing an additional 2,866 shares in the last quarter. Truist Financial Corp bought a new stake in shares of VSE in the 4th quarter worth about $557,000. Bank of New York Mellon Corp raised its position in shares of VSE by 3.1% during 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 buying an additional 2,429 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of VSE in the 4th quarter valued at about $446,000. Finally, US Bancorp DE grew its position in VSE by 16.8% in the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

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

VSE Stock Up 1.0%

Shares of NASDAQ VSEC traded up $1.24 during mid-day trading on Wednesday, reaching $130.35. 242,994 shares of the company were exchanged, compared to its average volume of 253,929. VSE Corporation has a 1 year low of $73.36 and a 1 year high of $140.64. The firm has a 50-day moving average of $128.85 and a 200 day moving average of $114.39. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 162.94 and a beta of 1.26. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly 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. VSE had a net margin of 1.41% and a return on equity of 6.62%. The business had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 57.6% on a year-over-year basis. On average, research analysts expect that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

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

Insider Transactions at VSE

In other news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the sale, the director owned 3,837 shares in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

About VSE

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.