ManTech International Corp. (MANT) Sets New 52-Week High at $39.34
ManTech International Corp. (NASDAQ:MANT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.34 and last traded at $39.19, with a volume of 31,745 shares changing hands. The stock had previously closed at $38.45.
MANT has been the topic of a number of research reports. Zacks Investment Research upgraded ManTech International Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, April 20th. Credit Suisse Group AG upgraded ManTech International Corp. from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $26.00 to $34.00 in a research note on Thursday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.42.
The firm’s 50 day moving average is $36.54 and its 200 day moving average is $32.13. The company has a market cap of $1.48 billion and a PE ratio of 28.18.
ManTech International Corp. (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. The firm earned $390.66 million during the quarter, compared to the consensus estimate of $386.69 million. During the same period in the previous year, the firm earned $0.31 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that ManTech International Corp. will post $1.45 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, June 8th.
In other news, Director Richard L. Armitage sold 3,000 shares of ManTech International Corp. stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $35.00, for a total value of $105,000.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $105,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider L. William Varner sold 62,500 shares of ManTech International Corp. stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $33.70, for a total value of $2,106,250.00. Following the completion of the transaction, the insider now owns 25,000 shares of the company’s stock, valued at approximately $842,500. The disclosure for this sale can be found here.
Other institutional investors recently made changes to their positions in the company. Dean Investment Associates LLC bought a new position in shares of ManTech International Corp. during the fourth quarter worth approximately $2,669,000. Penserra Capital Management LLC bought a new position in shares of ManTech International Corp. during the fourth quarter worth approximately $14,304,000. Robeco Institutional Asset Management B.V. boosted its position in shares of ManTech International Corp. by 10.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 113,386 shares of the company’s stock worth $3,429,000 after buying an additional 10,268 shares during the period. Heartland Advisors Inc. boosted its position in shares of ManTech International Corp. by 1.5% in the fourth quarter. Heartland Advisors Inc. now owns 1,366,994 shares of the company’s stock worth $41,338,000 after buying an additional 20,123 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of ManTech International Corp. by 10.3% in the fourth quarter. Rhumbline Advisers now owns 39,336 shares of the company’s stock worth $1,190,000 after buying an additional 3,670 shares during the period.
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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