ICF International (NASDAQ:ICFI) Hits New 52-Week Low – Should You Sell?

ICF International, Inc. (NASDAQ:ICFI)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $118.37 and last traded at $118.37, with a volume of 26979 shares changing hands. The stock had previously closed at $119.52.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial lowered their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $2.21 billion, a P/E ratio of 20.67 and a beta of 0.54. The business has a 50-day moving average price of $147.98 and a 200 day moving average price of $151.64.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the prior year, the firm posted $1.81 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that ICF International, Inc. will post 7.35 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.48%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Transactions at ICF International

In other ICF International news, Director Scott B. Salmirs acquired 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,038 shares of company stock worth $705,355. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICFI. Geode Capital Management LLC grew its position in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares during the period. Congress Asset Management Co. increased its position in ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after acquiring an additional 34,299 shares during the last quarter. Systematic Financial Management LP lifted its holdings in ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after acquiring an additional 2,484 shares during the period. Peregrine Capital Management LLC boosted its position in ICF International by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after purchasing an additional 1,367 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock valued at $14,778,000 after purchasing an additional 2,173 shares during the period. Institutional investors own 94.12% of the company’s stock.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.