ICF International (NASDAQ:ICFI) Reaches New 1-Year Low - What Lies Ahead?

ICF International, Inc. (NASDAQ:ICFI) has seen its shares dip to a new 52-week low during mid-day trading on Friday. The stock fell to as low as $82.28 before making a slight rebound, trading at $83.39 with a total trading volume of 104,261 shares. This recent activity reflects a significant drop from its previous closing price of $99.97.

Insights from Wall Street Analysts

ICFI has been the subject of various recent research evaluations. StockNews.com recently downgraded ICF International from a "strong-buy" rating to a "buy" rating on November 27th. Meanwhile, D. Boral Capital maintained an "outperform" rating, updating their price target for the shares to $174.00 in a report dated December 16th. In contrast, Sidoti upgraded its stance on ICF International from "neutral" to "buy," setting a price target of $185.00 in their analysis on November 19th. Truist Financial adjusted their price target from $180.00 down to $140.00, assigning a "hold" rating, as noted in their report from November 22nd. Additionally, Canaccord Genuity Group reiterated a "hold" rating with a decreased price target of $100.00, down from $200.00. Currently, two analysts have rated the stock with a hold, while five have assigned it a buy rating. Based on data from MarketBeat, the overall consensus for ICF International is a "Moderate Buy" with an average price target of $154.60.

ICF International's Stock Decline

The stock has experienced a notable decline of 20.7%. Presently, ICF International shows a 50-day simple moving average of $116.83 and a 200-day simple moving average of $143.07. With a market capitalization of $1.49 billion, the company holds a P/E ratio of 13.93 and a beta of 0.56. Furthermore, it demonstrates a current ratio of 1.21, a quick ratio of 1.21, and a debt-to-equity ratio of 0.43.

Dividend Announcement from ICF International

Recently, the company announced a quarterly dividend, set to be paid on April 14th. Shareholders who are on record as of March 28th will receive a dividend of $0.14 per share, which translates to an annualized dividend of $0.56, yielding approximately 0.71%. The ex-dividend date for this distribution is also March 28th. The company's dividend payout ratio (DPR) is currently at 9.84%.

Institutional Investors' Activities

Various hedge funds have recently adjusted their positions regarding ICF International. Geode Capital Management LLC increased its stake by 0.5% in the 4th quarter, now holding 442,995 shares worth approximately $52.82 million after acquiring an additional 2,010 shares. Congress Asset Management Co. boosted its holdings by 10.7% during the 3rd quarter, increasing its position to 353,824 shares valued at about $59.01 million after purchasing an additional 34,299 shares. Systematic Financial Management LP also grew its stake by 0.9% in the 3rd quarter, now owning 279,048 shares worth $46.54 million following the acquisition of another 2,484 shares. Additionally, Tributary Capital Management LLC raised its position by 10.9% in the 4th quarter, owning 211,863 shares valued at $25.26 million after buying an additional 20,861 shares. Lastly, BNP Paribas Financial Markets significantly increased its shareholding by 411.7% during the 4th quarter, owning 90,226 shares worth $10.76 million after acquiring an additional 72,595 shares. Currently, institutional investors hold 94.12% of the company's stock.

Overview of ICF International

ICF International, Inc. provides management, technology, and policy consulting along with implementation services to both government and commercial clients in the United States and overseas. The company's expertise includes researching critical policies, industry issues, stakeholder interests, trends, and behaviors. They also measure and evaluate results and impacts while delivering strategic planning and advisory services to help clients navigate societal, business, market, communication, and technology challenges.

ICF, Stocks, Finance