Amentum Holdings, Inc. (NYSE:AMTM) Given Average Recommendation of “Hold” by Brokerages

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.71.

A number of equities research analysts recently weighed in on AMTM shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective for the company. Truist Financial cut their target price on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price target for the company. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th.

Insider Buying and Selling at Amentum

In related news, insider Steven J. Demetriou bought 100,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following 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 position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Institutional Trading of Amentum

Hedge funds have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC increased its stake in shares of Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock valued at $310,978,000 after purchasing an additional 14,652,319 shares during the period. Invesco Ltd. grew its holdings in Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after buying an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA increased its position in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock valued at $183,121,000 after acquiring an additional 3,647,210 shares during the period. Cooper Creek Partners Management LLC raised its stake in Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock valued at $87,422,000 after acquiring an additional 3,319,364 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock worth $347,888,000 after acquiring an additional 2,529,173 shares during the period. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Down 0.9 %

AMTM stock opened at $21.12 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The business has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $21.92. Amentum has a 52 week low of $16.01 and a 52 week high of $34.47.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. As a group, analysts predict that Amentum will post 2.1 earnings per share for the current year.

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.