Amentum Holdings, Inc. (NYSE:AMTM) Receives Average Rating of “Hold” from Brokerages

Amentum Holdings, Inc. (NYSE:AMTM) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.80.

AMTM has been the topic of a number of research analyst reports. BTIG Research assumed coverage on Amentum in a report on Tuesday. They set a “buy” rating and a $30.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price on the stock. Cantor Fitzgerald raised Amentum to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Finally, Truist Financial lowered their price objective on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday.

Insider Activity at Amentum

In related news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMTM. Huntington National Bank acquired a new stake in Amentum in the 4th quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the 3rd quarter valued at $32,000. IFP Advisors Inc lifted its position in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc bought a new stake in Amentum during the fourth quarter valued at about $36,000. Finally, Horizon Investments LLC acquired a new stake in shares of Amentum in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Trading Up 0.9 %

Shares of NYSE:AMTM traded up $0.18 during trading on Tuesday, hitting $18.68. The company’s stock had a trading volume of 182,828 shares, compared to its average volume of 2,508,237. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. The firm’s 50-day simple moving average is $19.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, sell-side analysts predict that Amentum will post 2.1 earnings per share for the current fiscal year.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.