Amentum (NYSE:AMTM) Now Covered by Analysts at Bank of America

Bank of America started coverage on shares of Amentum (NYSE:AMTM - Free Report) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $24.00 target price on the stock.

Several other research analysts have also recently weighed in on AMTM. The Goldman Sachs Group assumed coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. Truist Financial decreased their price target 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. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Royal Bank of Canada set a $24.00 target price on Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.22.

Amentum Price Performance

NYSE:AMTM traded down $0.30 during mid-day trading on Tuesday, hitting $22.66. 1,854,317 shares of the stock traded hands, compared to its average volume of 2,768,423. The business's 50-day moving average price is $20.72 and its 200 day moving average price is $20.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. Research analysts predict that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Trading of Amentum

Several hedge funds have recently added to or reduced their stakes in AMTM. American Securities LLC bought a new position in shares of Amentum during the first quarter valued at about $798,869,000. Kovitz Investment Group Partners LLC grew its position in Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after acquiring an additional 14,652,319 shares during the last quarter. Invesco Ltd. grew its position in Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after acquiring an additional 6,055,638 shares during the last quarter. Primecap Management Co. CA increased its stake in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after purchasing an additional 3,647,210 shares during the period. Finally, Cooper Creek Partners Management LLC lifted its position in Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after purchasing an additional 3,319,364 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

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.