Amentum’s (AMTM) “Buy” Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Amentum (NYSE:AMTM) in a research report report published on Monday,Benzinga reports. BTIG Research currently has a $30.00 price target on the stock.

A number of other research analysts also recently issued reports on the stock. Truist Financial boosted their price objective on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Cantor Fitzgerald raised shares of Amentum from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $35.00 in a research note on Thursday, September 25th. The Goldman Sachs Group increased their price target on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Bank of America raised their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Amentum in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.55.

Amentum Stock Down 1.8%

Shares of NYSE:AMTM opened at $21.49 on Monday. The stock’s 50-day moving average is $23.68 and its 200 day moving average is $23.07. The company has a market cap of $5.23 billion and a PE ratio of 55.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum has a 1 year low of $16.01 and a 1 year high of $34.47.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.Amentum’s quarterly revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Sell-side analysts anticipate that Amentum will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMTM. Amalgamated Bank grew its stake in shares of Amentum by 3.8% in the third quarter. Amalgamated Bank now owns 47,561 shares of the company’s stock worth $1,139,000 after acquiring an additional 1,726 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Amentum by 23.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 13,863 shares of the company’s stock worth $332,000 after purchasing an additional 2,667 shares in the last quarter. BCS Private Wealth Management Inc. purchased a new stake in Amentum during the 3rd quarter valued at about $274,000. New York State Teachers Retirement System increased its stake in Amentum by 2.5% during the 3rd quarter. New York State Teachers Retirement System now owns 140,918 shares of the company’s stock valued at $3,375,000 after purchasing an additional 3,483 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Amentum by 6.6% in the third quarter. Nisa Investment Advisors LLC now owns 35,855 shares of the company’s stock worth $859,000 after buying an additional 2,225 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

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.