Amentum (NYSE:AMTM) Upgraded at Cantor Fitzgerald

Amentum (NYSE:AMTM) was upgraded by equities research analysts at Cantor Fitzgerald to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

Amentum Stock Performance

Shares of NYSE AMTM opened at $20.17 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum has a 1-year low of $18.38 and a 1-year high of $34.50. The stock’s fifty day moving average is $21.27.

Amentum (NYSE:AMTM) last issued its quarterly earnings data 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. On average, research analysts predict that Amentum will post 2.1 EPS for the current year.

Insider Activity

In other news, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares of the company’s stock, valued at approximately $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 link. Also, insider Steven J. Demetriou acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Signaturefd LLC purchased a new stake in shares of Amentum in the third quarter worth about $33,000. Private Advisor Group LLC purchased a new stake in shares of Amentum in the third quarter worth about $433,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Amentum in the third quarter worth about $250,000. Ballentine Partners LLC purchased a new stake in shares of Amentum in the third quarter worth about $233,000. Finally, Allworth Financial LP purchased a new stake in shares of Amentum in the third quarter worth about $140,000. 39.93% of the stock is owned by institutional investors and hedge funds.

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.