Montgomery Investment Management Inc. Reduces Position in VSE Co. (NASDAQ:VSEC)

Montgomery Investment Management Inc. decreased its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,787 shares of the construction company's stock after selling 70,667 shares during the period. VSE comprises about 5.7% of Montgomery Investment Management Inc.'s portfolio, making the stock its 3rd largest holding. Montgomery Investment Management Inc. owned approximately 0.75% of VSE worth $14,530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in VSE during the third quarter worth about $155,000. KFA Private Wealth Group LLC acquired a new stake in shares of VSE during the 4th quarter worth approximately $209,000. US Bancorp DE lifted its holdings in shares of VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after purchasing an additional 2,384 shares during the last quarter. BNP Paribas Financial Markets boosted its position in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock valued at $274,000 after purchasing an additional 134 shares during the period. Finally, Park Avenue Securities LLC grew its stake in VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock worth $316,000 after buying an additional 464 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSEC has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of VSE from $133.00 to $129.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded VSE to a "sell" rating in a research report on Tuesday, January 28th. Royal Bank of Canada lifted their target price on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Jefferies Financial Group boosted their price target on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, B. Riley raised their price objective on shares of VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $117.83.

VSE Stock Performance

Shares of NASDAQ VSEC traded down $0.29 during midday trading on Friday, reaching $105.68. The company's stock had a trading volume of 158,063 shares, compared to its average volume of 189,577. VSE Co. has a one year low of $65.29 and a one year high of $123.92. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $103.16 and a 200 day moving average price of $97.74.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $273.61 million for the quarter, compared to analysts' expectations of $270.88 million. During the same period in the previous year, the firm posted $0.92 EPS. Equities research analysts expect that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, January 23rd.

VSE Company 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.