Mantech International Corp (NASDAQ:MANT) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.27 per share by the technology company on Friday, September 27th. This represents a $1.08 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 12th.
Mantech International has increased its dividend by an average of 6.0% annually over the last three years. Mantech International has a payout ratio of 52.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mantech International to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 42.4%.
Shares of NASDAQ:MANT traded down $1.86 during mid-day trading on Friday, hitting $69.88. 360 shares of the company traded hands, compared to its average volume of 85,731. The stock has a market cap of $2.73 billion, a PE ratio of 33.79, a P/E/G ratio of 3.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.02. Mantech International has a 12-month low of $48.25 and a 12-month high of $71.90. The firm’s 50-day moving average price is $66.13.
In other Mantech International news, Director Richard L. Armitage sold 4,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $62.27, for a total value of $249,080.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at $249,080. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Judith L. Bjornaas sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $62.90, for a total value of $754,800.00. Following the completion of the sale, the chief financial officer now owns 22,000 shares in the company, valued at $1,383,800. The disclosure for this sale can be found here. Insiders own 33.70% of the company’s stock.
Several research analysts recently issued reports on the company. SunTrust Banks lifted their target price on Mantech International to $77.00 and gave the company a “positive” rating in a research report on Thursday. Morgan Stanley started coverage on Mantech International in a research report on Monday, June 3rd. They issued an “equal weight” rating and a $65.00 price objective on the stock. BidaskClub raised Mantech International from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 6th. Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, ValuEngine raised Mantech International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Mantech International currently has an average rating of “Hold” and a consensus target price of $67.13.
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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