Mantech International Corp (NASDAQ:MANT) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Friday, September 11th will be given a dividend of 0.32 per share by the technology company on Friday, September 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 10th.
Mantech International has raised its dividend by an average of 28.6% per year over the last three years and has increased its dividend every year for the last 2 years. Mantech International has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mantech International to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 38.6%.
Shares of NASDAQ MANT traded down $1.75 during trading on Friday, reaching $69.00. The company had a trading volume of 550 shares, compared to its average volume of 184,643. The company’s fifty day moving average price is $67.90 and its 200-day moving average price is $74.47. Mantech International has a 12 month low of $55.25 and a 12 month high of $93.99. The stock has a market cap of $2.79 billion, a P/E ratio of 22.53, a PEG ratio of 3.02 and a beta of 0.72. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.06.
In other news, Director Richard L. Armitage sold 4,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $312,920. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 33.49% of the company’s stock.
MANT has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Mantech International from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Zacks Investment Research downgraded Mantech International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 1st. BidaskClub downgraded Mantech International from a “hold” rating to a “sell” rating in a research note on Friday, June 26th. Wells Fargo & Co raised Mantech International from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $87.00 to $83.00 in a research note on Tuesday, May 19th. They noted that the move was a valuation call. Finally, Alliance Global Partners raised Mantech International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $88.00 to $90.00 in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Mantech International presently has an average rating of “Hold” and a consensus target price of $84.86.
Mantech International Company Profile
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
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