Amentum Holdings, Inc. (AMTM) – What Are Researchers Thinking About This Stock?

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $28.91.

AMTM has been the subject of several analyst reports. UBS Group increased their price target on shares of Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Royal Bank Of Canada reduced their price objective on shares of Amentum from $26.00 to $25.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 28th. Morgan Stanley set a $24.00 price objective on Amentum in a report on Tuesday, August 11th. BTIG Research dropped their target price on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded Amentum from a “hold” rating to a “buy” rating in a research report on Sunday.

Amentum Stock Up 3.7%

AMTM stock opened at $23.16 on Wednesday. Amentum has a one year low of $17.72 and a one year high of $38.11. The stock has a market capitalization of $5.66 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.15. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The company has a fifty day moving average of $20.05 and a 200-day moving average of $24.13.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, analysts expect that Amentum will post 2.38 EPS for the current year.

Institutional Trading of Amentum

A number of institutional investors have recently modified their holdings of AMTM. BlackRock Inc. acquired a new position in Amentum during the second quarter worth $370,137,000. Primecap Management Co. CA purchased a new position in Amentum in the second quarter worth $253,941,000. Dimensional Fund Advisors LP lifted its holdings in Amentum by 106.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after acquiring an additional 1,954,494 shares during the period. Troluce Capital Advisors LLC lifted its holdings in Amentum by 256.5% in the second quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock valued at $73,697,000 after acquiring an additional 2,565,399 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Amentum by 107.8% in the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock valued at $62,723,000 after acquiring an additional 1,247,614 shares during the period. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

About Amentum

Amentum is a provider of engineering, technical and mission-support services for government and commercial customers. Its work includes managing and operating facilities and infrastructure, maintaining equipment, providing logistics and program-management support, and delivering technology and cybersecurity services. The company serves customers in areas including defense, intelligence, space, energy and environmental remediation. Its clients include U.S. government agencies and customers in other countries, with work spanning operations and support as well as complex engineering and technology projects.