ManTech International Corp. (MANT) Hits New 52-Week High at $40.79
Shares of ManTech International Corp. (NASDAQ:MANT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.79 and last traded at $39.57, with a volume of 33,737 shares trading hands. The stock had previously closed at $40.25.
Several brokerages have commented on MANT. Zacks Investment Research upgraded ManTech International Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, August 8th. Jefferies Group reiterated a “sell” rating and set a $26.00 target price on shares of ManTech International Corp. in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG upgraded ManTech International Corp. from an “underperform” rating to a “neutral” rating and increased their target price for the company from $26.00 to $34.00 in a research note on Thursday, April 28th. One equities research 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.92.
The stock has a 50-day moving average price of $39.21 and a 200-day moving average price of $34.01. The stock has a market cap of $1.49 billion and a PE ratio of 26.86.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm earned $401.35 million during the quarter, compared to analysts’ expectations of $402.12 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts predict that ManTech International Corp. will post $1.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.15%.
In related news, SVP Judith L. Bjornaas sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $40.60, for a total value of $349,160.00. Following the completion of the transaction, the senior vice president now owns 7,000 shares of the company’s stock, valued at $284,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Armitage sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $105,000. The disclosure for this sale can be found here.
An institutional investor recently raised its position in ManTech International Corp. stock. Rhumbline Advisers raised its position in ManTech International Corp. (NASDAQ:MANT) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,336 shares of the company’s stock after buying an additional 3,670 shares during the period. Rhumbline Advisers owned about 0.10% of ManTech International Corp. worth $1,190,000 as of its most recent SEC filing.
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.