Montgomery Investment Management Inc. Has $18.02 Million Stake in VSE Corporation (NASDAQ:VSEC)

Montgomery Investment Management Inc. decreased its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 150,167 shares of the construction company's stock after selling 2,620 shares during the period. VSE makes up approximately 7.2% of Montgomery Investment Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Montgomery Investment Management Inc. owned 0.73% of VSE worth $18,019,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Swiss National Bank boosted its position in VSE by 1.6% in the fourth quarter. Swiss National Bank now owns 32,678 shares of the construction company's stock valued at $3,108,000 after buying an additional 500 shares during the last quarter. Virtu Financial LLC purchased a new stake in VSE in the fourth quarter valued at approximately $421,000. Quantbot Technologies LP purchased a new stake in VSE in the fourth quarter valued at approximately $47,000. Sei Investments Co. boosted its position in VSE by 233.7% in the fourth quarter. Sei Investments Co. now owns 25,048 shares of the construction company's stock valued at $2,382,000 after buying an additional 17,541 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in VSE in the fourth quarter valued at approximately $323,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on VSEC. 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. B. Riley boosted their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their price target on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock 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 business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the sale, the director owned 3,837 shares in the company, valued at $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is currently owned by corporate insiders.

VSE Trading Down 0.6%

Shares of VSEC traded down $0.84 during midday trading on Thursday, reaching $132.99. The company had a trading volume of 16,632 shares, compared to its average volume of 240,875. VSE Corporation has a 1-year low of $73.36 and a 1-year high of $140.64. The stock has a market cap of $2.75 billion, a PE ratio of 166.80 and a beta of 1.26. The firm has a 50 day simple moving average of $131.31 and a 200-day simple moving average of $117.57. 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 issued its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. The business had revenue of $256.05 million during 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 for the quarter was up 57.6% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. Research analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio is currently 50.00%.

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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