Amentum (NYSE:AMTM) Now Covered by Morgan Stanley

Morgan Stanley assumed coverage on shares of Amentum (NYSE:AMTM - Free Report) in a research note released on Wednesday, Marketbeat.com reports. The brokerage issued an underweight rating and a $19.00 target price on the stock.

Several other research analysts have also commented on AMTM. Truist Financial reduced their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. BTIG Research assumed coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price for the company. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $24.71.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.42 during trading on Wednesday, reaching $18.37. 341,667 shares of the company were exchanged, compared to its average volume of 2,856,651. The business's fifty day simple moving average is $18.77. Amentum has a 12-month low of $16.01 and a 12-month high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. As a group, equities analysts predict that Amentum will post 2.1 EPS for the current year.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Hedge Funds Weigh In On Amentum

A number of institutional investors and hedge funds have recently bought and sold shares of AMTM. Anchor Investment Management LLC bought a new position in shares of Amentum during the 3rd quarter worth approximately $32,000. Huntington National Bank bought a new position in Amentum in the fourth quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Amentum in the 4th quarter valued at approximately $36,000. Finally, Horizon Investments LLC acquired a new position in shares of Amentum in the 4th quarter valued at $36,000. Institutional investors own 39.93% of the company's stock.

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.