Amentum (NYSE:AMTM) Downgraded to Hold Rating by Zacks Research

Key Points

• Zacks Research downgraded Amentum from “strong buy” to “hold.” The broader analyst consensus is also “hold,” with five buys, seven holds and one sell, and an average price target of $29.18.
• Amentum shares opened at $20.62, near their 12-month low of $19.80 and below both their 50-day and 200-day moving averages. Several analysts recently cut their price targets, including BTIG Research, RBC and Truist Financial.
• The company exceeded quarterly EPS expectations, reporting $0.67 versus the $0.61 consensus, but revenue declined 2% year over year to $3.49 billion. Amentum issued fiscal 2026 EPS guidance of $2.40–$2.50.

Amentum (NYSE:AMTM - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. BTIG Research dropped their price target on shares of Amentum from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Royal Bank Of Canada decreased their target price on Amentum from $28.00 to $26.00 and set a "sector perform" rating for the company in a report on Wednesday, August 12th. The Goldman Sachs Group set a $24.00 target price on Amentum in a research note on Thursday. BNP Paribas Exane assumed coverage on Amentum in a report on Tuesday, May 26th. They set an "underperform" rating and a $22.00 price target on the stock. Finally, Truist Financial reaffirmed a "buy" rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.18.

Amentum Price Performance

AMTM opened at $20.62 on Wednesday. The stock's 50-day moving average price is $21.66 and its 200 day moving average price is $25.28. Amentum has a 12-month low of $19.80 and a 12-month high of $38.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 0.61 and a beta of 0.30.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly 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 net margin of 1.44% and a return on equity of 12.19%. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business's quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, sell-side analysts expect that Amentum will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On Amentum

Institutional investors have recently modified their holdings of the company. Maryland State Retirement & Pension System lifted its holdings in shares of Amentum by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company's stock valued at $867,000 after purchasing an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Amentum by 35.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company's stock worth $54,000 after buying an additional 481 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Amentum by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company's stock valued at $1,018,000 after buying an additional 600 shares during the last quarter. HighTower Advisors LLC lifted its stake in Amentum by 4.6% in the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company's stock valued at $425,000 after buying an additional 638 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Amentum by 98.6% in the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company's stock valued at $41,000 after acquiring an additional 648 shares during the period. 39.93% of the stock is owned by hedge funds and other institutional investors.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.

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