ManTech International Corp. (MANT) Reaches New 52-Week High at $40.79
ManTech International Corp. (NASDAQ:MANT) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $40.79 and last traded at $39.57, with a volume of 33,737 shares traded. The stock had previously closed at $40.25.
Several analysts have recently issued reports on the company. Credit Suisse Group AG upgraded ManTech International Corp. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $26.00 to $34.00 in a research note on Thursday, April 28th. Zacks Investment Research cut ManTech International Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Jefferies Group reiterated a “sell” rating and issued a $26.00 price objective on shares of ManTech International Corp. in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.92.
The firm’s 50 day moving average price is $38.99 and its 200-day moving average price is $33.90. The firm has a market cap of $1.51 billion and a P/E ratio of 27.19.
ManTech International Corp. (NASDAQ:MANT) last released its earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm earned $401.35 million during the quarter, compared to analysts’ expectations of $402.12 million. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that ManTech International Corp. will post $1.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.09%.
In other ManTech International Corp. news, insider Daniel J. Keefe sold 3,199 shares of ManTech International Corp. stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $34.29, for a total value of $109,693.71. Following the completion of the sale, the insider now directly owns 12,500 shares of the company’s stock, valued at approximately $428,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Keefe sold 10,000 shares of ManTech International Corp. stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $39.72, for a total transaction of $397,200.00. Following the completion of the sale, the insider now directly owns 7,000 shares of the company’s stock, valued at $278,040. The disclosure for this sale can be found here.
Several hedge funds recently made changes to their positions in the stock. 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 valued at $1,190,000 after buying an additional 3,670 shares in the last quarter. 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 valued at $1,359,000 after buying an additional 789 shares in the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of ManTech International Corp. during the fourth quarter valued at 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.
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.