Amentum (NYSE:AMTM) Hits New 1-Year Low – Time to Sell?

Shares of Amentum Holdings, Inc. (NYSE:AMTM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $17.41 and last traded at $17.73, with a volume of 563569 shares changing hands. The stock had previously closed at $18.56.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday, February 25th.

Amentum Stock Performance

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 firm has a 50-day simple moving average of $21.08.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Activity at Amentum

In related news, insider Steven J. Demetriou acquired 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Institutional Trading of Amentum

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of Amentum in the 3rd quarter valued at approximately $30,000. Janney Montgomery Scott LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $2,178,000. Amalgamated Bank purchased a new position in shares of Amentum in the 3rd quarter valued at $824,000. Principal Financial Group Inc. purchased a new stake in Amentum in the third quarter valued at $4,695,000. Finally, Atria Investments Inc purchased a new stake in Amentum in the third quarter valued at $478,000. 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.