ManTech International Corp. (MANT) Reaches New 52-Week High at $40.14
ManTech International Corp. (NASDAQ:MANT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.14 and last traded at $40.03, with a volume of 76,856 shares. The stock had previously closed at $39.85.
Several equities research analysts have issued reports on MANT shares. Zacks Investment Research raised ManTech International Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, April 20th. Jefferies Group reaffirmed a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG raised ManTech International Corp. from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $26.00 to $34.00 in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.92.
The stock has a market capitalization of $1.53 billion and a PE ratio of 27.55. The stock has a 50 day moving average of $38.68 and a 200 day moving average of $33.59.
ManTech International Corp. (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $401.35 million for the quarter, compared to the consensus estimate of $402.12 million. ManTech International Corp.’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. On average, equities research analysts forecast that ManTech International Corp. will post $1.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.10%.
In related news, Director Richard L. Armitage sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $105,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel J. Keefe sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the insider now directly owns 7,000 shares in the company, valued at $278,040. The disclosure for this sale can be found here.
A number of institutional investors recently made changes to their positions in MANT. California State Teachers Retirement System boosted its position 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 in the last quarter. 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 in the last quarter. Finally, Dean Investment Associates LLC bought a new position 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.