Amentum Holdings, Inc. (NYSE:AMTM) Given Average Rating of "Hold" by Brokerages

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) have received an average rating of "Hold" from the nine analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.22.

A number of research analysts have weighed in on the stock. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. Citizens Jmp started coverage on Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. The Goldman Sachs Group started coverage on Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Royal Bank Of Canada set a $24.00 price objective on Amentum and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Finally, Truist Financial dropped their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th.

Institutional Investors Weigh In On Amentum

Several hedge funds and other institutional investors have recently modified their holdings of AMTM. Huntington National Bank purchased a new position in Amentum during the fourth quarter valued at approximately $30,000. Quarry LP bought a new position in Amentum in the 1st quarter valued at $30,000. Signaturefd LLC grew its position in shares of Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the period. Finally, Horizon Investments LLC bought a new position in shares of Amentum in the fourth quarter worth $36,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Trading Up 0.7%

Shares of NYSE AMTM traded up $0.16 during midday trading on Friday, reaching $23.61. The company's stock had a trading volume of 1,343,341 shares, compared to its average volume of 2,733,548. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a 50 day moving average price of $21.60 and a 200-day moving average price of $20.61. Amentum has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. As a group, analysts anticipate that Amentum will post 2.1 earnings per share for the current fiscal year.

Amentum Company Profile

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.