Amentum (NYSE:AMTM) Coverage Initiated by Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley began coverage on shares of Amentum (NYSE:AMTM) in a research note issued on Wednesday. The brokerage set an “equal weight” rating and a $30.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 26.53% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BTIG Research reissued a “buy” rating and set a $35.00 price target on shares of Amentum in a research report on Wednesday, February 11th. Truist Financial set a $35.00 price objective on shares of Amentum in a research report on Tuesday. Finally, Royal Bank Of Canada raised their price objective on Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.82.

Amentum Trading Down 2.5%

Shares of Amentum stock traded down $0.60 during trading on Wednesday, reaching $23.71. 142,143 shares of the company were exchanged, compared to its average volume of 2,032,279. The business has a 50-day moving average price of $27.08 and a 200-day moving average price of $28.58. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 0.70 and a beta of 0.43. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.84. Amentum has a twelve month low of $19.11 and a twelve month high of $38.11.

Amentum (NYSE:AMTM) last released its earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.79% and a net margin of 1.04%.The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts anticipate that Amentum will post 2.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Amentum by 8.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,674 shares of the company’s stock valued at $357,000 after acquiring an additional 1,051 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Amentum by 106.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after purchasing an additional 1,954,494 shares in the last quarter. Swiss National Bank increased its holdings in Amentum by 0.5% during the 1st quarter. Swiss National Bank now owns 313,391 shares of the company’s stock worth $8,173,000 after purchasing an additional 1,600 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of Amentum by 16.0% in the 1st quarter. Gryphon Financial Partners LLC now owns 18,883 shares of the company’s stock valued at $492,000 after purchasing an additional 2,598 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Amentum by 7,142.8% in the 1st quarter. Bessemer Group Inc. now owns 125,952 shares of the company’s stock valued at $3,284,000 after purchasing an additional 124,213 shares during the period. Institutional investors own 39.93% of the company’s stock.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.