K.J. Harrison & Partners Inc Sells 4,800 Shares of VSE Corporation (NASDAQ:VSEC)

K.J. Harrison & Partners Inc decreased its position in VSE Corporation (NASDAQ:VSEC - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,200 shares of the construction company's stock after selling 4,800 shares during the quarter. K.J. Harrison & Partners Inc owned about 0.15% of VSE worth $3,624,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in VSEC. Sterling Capital Management LLC increased its stake in shares of VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after buying an additional 420 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of VSE during the 4th quarter worth approximately $47,000. Tower Research Capital LLC TRC raised its stake in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of VSE by 14.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock worth $175,000 after purchasing an additional 233 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of VSE during the 4th quarter worth approximately $226,000. Institutional investors own 91.54% of the company's stock.

VSE Stock Up 2.0%

VSEC stock opened at $130.26 on Friday. VSE Corporation has a fifty-two week low of $73.36 and a fifty-two week high of $140.64. The business's 50 day moving average price is $127.81 and its two-hundred day moving average price is $114.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 162.83 and a beta of 1.28.

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 business had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. VSE had a return on equity of 6.62% and a net margin of 1.41%. The company's revenue was up 57.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. As a group, analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

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

Wall Street Analyst Weigh In

VSEC has been the topic of a number of analyst reports. B. Riley upped their price objective on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded VSE to a "sell" rating in a research report on Thursday, March 6th. Royal Bank Of Canada upped their price objective on 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 upped their price objective on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.00.

Insiders Place Their Bets

In related news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the transaction, the director now owns 3,837 shares in the company, valued at $496,431.06. This represents a 42.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.60% of the company's stock.

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.

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