Amentum Holdings, Inc. (NYSE:AMTM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.38.

AMTM has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday, May 12th. They issued an “outperform” rating and a $30.00 target price on the stock. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Truist Financial cut their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, BTIG Research initiated coverage on shares of Amentum in a research report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 target price on the stock.

Amentum Stock Up 1.2%

Shares of AMTM opened at $21.86 on Friday. Amentum has a 12 month low of $16.01 and a 12 month high of $34.47. The firm’s 50 day moving average is $19.41 and its 200-day moving average is $21.62. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, analysts expect that Amentum will post 2.1 EPS for the current year.

Insider Buying and Selling at Amentum

In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.67% of the company’s stock.

Hedge Funds Weigh In On Amentum

Hedge funds have recently modified their holdings of the business. Huntington National Bank acquired a new position in shares of Amentum during the fourth quarter worth $30,000. Quarry LP acquired a new position in shares of Amentum during the first quarter worth $30,000. Signaturefd LLC raised its stake in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the last quarter. IFP Advisors Inc lifted its holdings in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares during the period. Finally, Asset Planning Inc acquired a new position in Amentum in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.