ManTech International Corp. (MANT) Hits New 1-Year High at $39.34
Shares of ManTech International Corp. (NASDAQ:MANT) reached a new 52-week high on Tuesday . The company traded as high as $39.34 and last traded at $39.19, with a volume of 31,745 shares. The stock had previously closed at $38.45.
A number of analysts have recently weighed in on MANT shares. Credit Suisse Group AG upgraded shares of ManTech International Corp. from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $26.00 to $34.00 in a report on Thursday, April 28th. Zacks Investment Research downgraded shares of ManTech International Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.42.
The stock has a market capitalization of $1.48 billion and a PE ratio of 28.17. The company has a 50-day moving average price of $36.26 and a 200-day moving average price of $32.02.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings results 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. During the same period last year, the company posted $0.31 earnings per share. The firm had revenue of $390.66 million for the quarter, compared to analysts’ expectations of $386.69 million. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that ManTech International Corp. will post $1.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, June 8th.
In other ManTech International Corp. news, insider L. William Varner sold 62,500 shares of the stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $33.70, for a total transaction of $2,106,250.00. Following the transaction, the insider now directly owns 25,000 shares of the company’s stock, valued at $842,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel J. Keefe sold 35,000 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $34.19, for a total transaction of $1,196,650.00. Following the transaction, the insider now directly owns 22,500 shares in the company, valued at $769,275. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of MANT. Barrow Hanley Mewhinney & Strauss LLC bought a new position in ManTech International Corp. during the fourth quarter valued at about $3,148,000. 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. Heartland Advisors Inc. boosted its stake 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. 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. Finally, Penserra Capital Management LLC acquired a new stake in shares of ManTech International Corp. during the fourth quarter worth approximately $14,304,000.
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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