ManTech International Corp. (MANT) Sets New 1-Year High at $41.13
Shares of ManTech International Corp. (NASDAQ:MANT) reached a new 52-week high on Tuesday . The company traded as high as $41.13 and last traded at $40.69, with a volume of 38,544 shares changing hands. The stock had previously closed at $40.60.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded ManTech International Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Monday, August 8th. Jefferies Group restated a “sell” rating and issued a $26.00 price objective on shares of ManTech International Corp. in a report on Thursday, July 28th. Finally, 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 report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.92.
The firm has a 50 day moving average price of $39.47 and a 200 day moving average price of $34.33. The firm has a market capitalization of $1.57 billion and a PE ratio of 28.18.
ManTech International Corp. (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $401.35 million for the quarter, compared to analysts’ expectations of $402.12 million. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Analysts predict that ManTech International Corp. will post $1.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.05%.
In related news, insider Daniel J. Keefe sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the insider now directly owns 7,000 shares in the company, valued at $278,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Judith L. Bjornaas sold 8,600 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $40.60, for a total transaction 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 disclosure for this sale can be found here.
An institutional investor recently raised its position 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 disclosure with the Securities and Exchange Commission (SEC). The fund 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.
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