Amentum (NYSE:AMTM) Stock Rating Lowered by Zacks Research

Amentum (NYSE:AMTM) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.

Several other brokerages also recently weighed in on AMTM. Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Bank of America dropped their price target on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. The Goldman Sachs Group set a $24.00 price objective on Amentum in a research report on Thursday, August 20th. Finally, Morgan Stanley set a $24.00 target price on Amentum in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.18.

Amentum Stock Down 1.8%

AMTM stock opened at $18.14 on Thursday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 0.50 and a beta of 0.31. The company has a fifty day moving average price of $20.76 and a 200 day moving average price of $22.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. Amentum has a 12 month low of $17.72 and a 12 month high of $38.11.

Amentum (NYSE:AMTM) last issued its quarterly earnings data 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. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. Amentum’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Sell-side analysts expect that Amentum will post 2.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Amentum in the second quarter valued at about $370,137,000. Primecap Management Co. CA acquired a new position in Amentum during the 2nd quarter worth approximately $253,941,000. Dimensional Fund Advisors LP increased its position in Amentum by 106.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after purchasing an additional 1,954,494 shares during the period. Focus Partners Wealth raised its stake in shares of Amentum by 8,467.6% during the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after buying an additional 2,761,801 shares in the last quarter. Finally, Troluce Capital Advisors LLC raised its stake in shares of Amentum by 256.5% during the 2nd quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock worth $73,697,000 after buying an additional 2,565,399 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

About Amentum

Amentum (NYSE: AMTM) is a global engineering and technical services contractor that supports government and commercial customers across defense, intelligence, space, civilian, energy and environmental markets. The company provides mission-critical services designed to help customers operate, maintain and modernize complex systems and infrastructure.

Its capabilities include systems engineering, program management, logistics, operations and maintenance, cybersecurity, digital transformation, intelligence analysis, testing and evaluation, and environmental and nuclear lifecycle services.