Amentum (NYSE:AMTM) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a buy rating in a report published on Sunday morning,Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a report on Tuesday, August 11th. Weiss Ratings cut shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane began coverage on shares of Amentum in a research report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price objective for the company. Finally, BTIG Research dropped their target price on shares of Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.18.

Amentum Trading Up 0.1%

AMTM opened at $19.61 on Friday. Amentum has a one year low of $19.21 and a one year high of $38.11. The stock has a market capitalization of $4.80 billion, a PE ratio of 23.63, a P/E/G ratio of 0.57 and a beta of 0.26. The business’s 50 day moving average price is $21.20 and its 200 day moving average price is $23.49. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’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. As a group, equities research analysts expect that Amentum will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Amentum in the 2nd quarter valued at $370,137,000. Primecap Management Co. CA purchased a new stake in Amentum in the second quarter valued at $253,941,000. Dimensional Fund Advisors LP lifted its position in Amentum by 106.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after acquiring an additional 1,954,494 shares during the last quarter. Troluce Capital Advisors LLC lifted its position in Amentum by 256.5% in the second quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock valued at $73,697,000 after acquiring an additional 2,565,399 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Amentum by 8,467.6% in the fourth quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after acquiring an additional 2,761,801 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

Amentum (NYSE: AMTM) is a global engineering and technical services company that provides mission support to government and commercial customers. Its capabilities include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, intelligence analysis, and professional services.

The company supports customers across the defense, intelligence, space, civilian government, energy, environmental, and industrial markets. Its work includes maintaining and modernizing critical infrastructure and complex platforms, supporting national security missions, managing nuclear and environmental programs, and providing technical services for space and other advanced technology programs.

Amentum was established through the combination of Amentum and Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, which was completed in 2024.