Amentum (NYSE:AMTM) Stock Price Up 4.7% – Time to Buy?

Amentum Holdings, Inc. (NYSE:AMTM)’s stock price shot up 4.7% during mid-day trading on Monday . The stock traded as high as $21.77 and last traded at $21.44. 1,689,649 shares were traded during trading, a decline of 45% from the average session volume of 3,085,674 shares. The stock had previously closed at $20.48.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMTM. Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 target price for the company. Raymond James assumed coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company.

Amentum Price Performance

The company’s 50 day simple moving average is $25.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMTM. Arrow Financial Corp acquired a new stake in Amentum in the third quarter worth $26,000. US Bancorp DE acquired a new stake in Amentum during the 3rd quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in Amentum during the 3rd quarter worth $32,000. Signaturefd LLC bought a new position in Amentum during the third quarter worth about $33,000. Finally, Glen Eagle Advisors LLC acquired a new position in Amentum in the third quarter valued at about $35,000. Institutional investors 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.