Amentum (NYSE:AMTM) Shares Gap Down – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM) gapped down before the market opened on Monday . The stock had previously closed at $19.99, but opened at $18.60. Amentum shares last traded at $18.81, with a volume of 305,609 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Raymond James began coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald raised Amentum to a “hold” rating in a report on Tuesday, February 25th.

Amentum Price Performance

The business’s 50 day simple moving average is $21.16. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Amentum

In other news, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amentum

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock valued at $347,888,000 after buying an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Amentum by 10,851.5% during the 4th 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 in the last quarter. Invesco Ltd. increased its stake in shares of Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock valued at $291,397,000 after acquiring an additional 6,055,638 shares in the last quarter. State Street Corp bought a new stake in Amentum in the third quarter valued at $236,306,000. Finally, Primecap Management Co. CA raised its stake in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after buying an additional 1,143,097 shares during the period. 39.93% of the stock is owned by institutional investors.

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.