ManTech International Corp. (MANT) Sets New 1-Year High at $40.13
ManTech International Corp. (NASDAQ:MANT)’s share price hit 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 changing hands. The stock had previously closed at $39.75.
MANT has been the topic of several research reports. Zacks Investment Research upgraded shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, April 20th. Credit Suisse Group AG upgraded 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 report on Thursday, April 28th. Finally, Jefferies Group reiterated a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. ManTech International Corp. currently has a consensus rating of “Hold” and a consensus target price of $35.75.
The firm has a market cap of $1.51 billion and a P/E ratio of 27.14. The firm has a 50 day moving average price of $37.92 and a 200-day moving average price of $33.09.
ManTech International Corp. (NASDAQ:MANT) last issued its earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business earned $401.35 million during the quarter, compared to analysts’ expectations of $402.12 million. During the same quarter in the previous year, the business earned $0.33 EPS. ManTech International Corp.’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that ManTech International Corp. will post $1.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%.
In other ManTech International Corp. news, insider Daniel J. Keefe sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $34.45, for a total value of $430,625.00. Following the sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $430,625. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $105,000.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at approximately $105,000. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System raised 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 raised 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 raised 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 about $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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