ManTech International Corp. (MANT) Reaches New 12-Month High at $40.13
ManTech International Corp. (NASDAQ:MANT) shares reached a new 52-week high on Tuesday . The stock traded as high as $40.13 and last traded at $39.51, with a volume of 47,906 shares traded. The stock had previously closed at $39.75.
MANT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, April 20th. Jefferies Group reaffirmed a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG raised shares of ManTech International Corp. from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $26.00 to $34.00 in a research note on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.75.
The firm has a market cap of $1.51 billion and a P/E ratio of 27.24. The stock has a 50 day moving average price of $38.13 and a 200-day moving average price of $33.21.
ManTech International Corp. (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The company had revenue of $401.35 million for the quarter, compared to the consensus estimate of $402.12 million. During the same quarter last year, the business earned $0.33 earnings per share. ManTech International Corp.’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that ManTech International Corp. will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.12%.
In other ManTech International Corp. news, Director Richard L. Armitage sold 3,000 shares of the firm’s 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 sale, the director now owns 3,000 shares of the company’s stock, valued at $105,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Judith L. Bjornaas sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $35.17, for a total value of $527,550.00. Following the completion of the sale, the chief financial officer now directly owns 7,000 shares of the company’s stock, valued at approximately $246,190. The disclosure for this sale can be found here.
Other large investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of ManTech International Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 44,947 shares of the company’s stock worth $1,359,000 after buying an additional 789 shares during the period. First Trust Advisors LP boosted its stake in shares of ManTech International Corp. by 1.5% in the fourth quarter. First Trust Advisors LP now owns 107,512 shares of the company’s stock worth $3,251,000 after buying an additional 1,555 shares during the period. Rhumbline Advisers boosted its stake 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. Finally, Dean Investment Associates LLC purchased a new stake in shares of ManTech International Corp. during the fourth quarter worth approximately $2,669,000.
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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