ManTech International Corp. (MANT) Sets New 1-Year High at $41.13
ManTech International Corp. (NASDAQ:MANT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.13 and last traded at $40.69, with a volume of 38,544 shares trading hands. The stock had previously closed at $40.60.
Several equities analysts recently issued reports on MANT shares. Zacks Investment Research raised shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Saturday, April 30th. Credit Suisse Group AG raised shares of ManTech International Corp. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $26.00 to $34.00 in a report on Thursday, April 28th. Finally, Jefferies Group reissued a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. ManTech International Corp. currently has a consensus rating of “Hold” and a consensus target price of $35.92.
The firm’s 50 day moving average is $39.59 and its 200 day moving average is $34.47. The stock has a market capitalization of $1.57 billion and a P/E ratio of 28.18.
ManTech International Corp. (NASDAQ:MANT) last posted its 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 earned $401.35 million during the quarter, compared to analyst estimates of $402.12 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that ManTech International Corp. will post $1.46 EPS 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 issued a $0.21 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.05%.
In other news, CFO Judith L. Bjornaas sold 13,900 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $40.77, for a total value of $566,703.00. Following the transaction, the chief financial officer now directly owns 15,900 shares in the company, valued at approximately $648,243. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Keefe sold 37,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $39.36, for a total transaction of $1,476,000.00. Following the completion of the transaction, the insider now owns 12,500 shares in the company, valued at $492,000. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in ManTech International Corp. stock. Rhumbline Advisers increased its stake in ManTech International Corp. (NASDAQ:MANT) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,336 shares of the company’s stock after buying an additional 3,670 shares during the period. Rhumbline Advisers owned approximately 0.10% of ManTech International Corp. worth $1,190,000 at the end of the most recent quarter.
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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