Amentum Holdings, Inc. (NYSE:AMTM) Receives $24.71 Consensus PT from Analysts

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) has received an average recommendation of "Hold" from the eight brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.38.

AMTM has been the subject of several research reports. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley began coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price objective for the company. Finally, Truist Financial dropped their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran purchased 4,600 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This trade represents 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 currently owned by insiders.

Institutional Investors Weigh In On Amentum

Several hedge funds have recently modified their holdings of the stock. American Securities LLC acquired a new stake in shares of Amentum during the first quarter worth $798,869,000. Invesco Ltd. lifted its holdings in Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after acquiring an additional 3,334,871 shares during the period. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in 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 acquiring an additional 14,652,319 shares during the period. Finally, Primecap Management Co. CA lifted its holdings in Amentum by 56.9% in the first 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. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Price Performance

AMTM stock traded down $0.16 during trading on Friday, reaching $21.21. The company had a trading volume of 84,763 shares, compared to its average volume of 2,774,256. The firm has a 50-day simple moving average of $19.18 and a 200-day simple moving average of $21.75. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum has a twelve month low of $16.01 and a twelve month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Equities research analysts forecast that Amentum will post 2.1 earnings per share for the current year.

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.