Amentum (NYSE:AMTM) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Amentum (NYSE:AMTM) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the company. Wall Street Zen upgraded Amentum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. BNP Paribas Exane initiated coverage on Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective for the company. Morgan Stanley set a $24.00 target price on Amentum in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Royal Bank Of Canada cut their price target on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.18.

Amentum Trading Down 1.9%

NYSE:AMTM opened at $20.62 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.30. Amentum has a 52 week low of $19.80 and a 52 week high of $38.11. The firm has a 50-day moving average price of $21.66 and a two-hundred day moving average price of $25.28.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm earned $0.56 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities analysts expect that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amentum

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after purchasing an additional 2,539,594 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Amentum in the second quarter worth about $370,137,000. Primecap Management Co. CA bought a new stake in shares of Amentum in the second quarter valued at approximately $253,941,000. State Street Corp raised its position in shares of Amentum by 7.6% in the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after purchasing an additional 501,898 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Amentum by 106.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after buying an additional 1,954,494 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.