Amentum (NYSE:AMTM) Shares Gap Down – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM) gapped down before the market opened on Monday . The stock had previously closed at $19.99, but opened at $18.60. Amentum shares last traded at $18.81, with a volume of 305,609 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AMTM shares. Raymond James started coverage on Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th.

Amentum Stock Down 8.1 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The stock’s fifty day moving average price is $21.08.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Transactions at Amentum

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

Institutional Trading of Amentum

A number of large investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Amentum in the 4th quarter worth about $676,000. Jefferies Financial Group Inc. acquired a new stake in Amentum in the 4th quarter valued at approximately $249,000. Shufro Rose & Co. LLC acquired a new stake in Amentum in the 4th quarter valued at approximately $287,000. Public Employees Retirement System of Ohio bought a new stake in Amentum during the 4th quarter valued at $938,000. Finally, Alpine Global Management LLC acquired a new position in Amentum during the 4th quarter worth $526,000. 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.