Amentum (NYSE:AMTM) Shares Down 3.4% - Here's What Happened

Key Points

• Amentum Holdings, Inc. saw its stock price decrease by 3.4%, closing at $23.04 after trading as low as $23.26.
• Research analysts have mostly issued positive ratings for Amentum, with an average price target of $27.30, indicating potential upside despite the recent stock decline.
• In its latest earnings report, Amentum beat expectations with $0.56 earnings per share but reported revenue of $2.23 billion, significantly below the projected $3.51 billion.

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report)'s stock price dropped 3.4% on Monday . The company traded as low as $23.26 and last traded at $23.04. Approximately 105,915 shares traded hands during trading, a decline of 95% from the average daily volume of 2,142,892 shares. The stock had previously closed at $23.85.

Wall Street Analyst Weigh In

AMTM has been the subject of a number of recent research reports. Royal Bank Of Canada upped their price target on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Truist Financial upped their price target on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America upped their price objective on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Raymond James Financial reiterated an "outperform" rating and set a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Finally, The Goldman Sachs Group upped their price objective on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Amentum presently has a consensus rating of "Hold" and an average target price of $27.30.

Amentum Trading Down 3.8%

The business has a 50 day moving average of $24.77 and a two-hundred day moving average of $21.92. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a market cap of $5.58 billion and a P/E ratio of 58.82.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. The company's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. grew its holdings in Amentum by 1.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company's stock valued at $578,000 after buying an additional 416 shares in the last quarter. Intact Investment Management Inc. grew its holdings in Amentum by 6.1% in the 2nd quarter. Intact Investment Management Inc. now owns 7,319 shares of the company's stock valued at $173,000 after buying an additional 419 shares in the last quarter. UMB Bank n.a. grew its holdings in Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company's stock valued at $97,000 after buying an additional 430 shares in the last quarter. MAI Capital Management grew its holdings in Amentum by 12.3% in the 2nd quarter. MAI Capital Management now owns 4,259 shares of the company's stock valued at $101,000 after buying an additional 468 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Amentum by 27.0% in the 2nd quarter. Signaturefd LLC now owns 2,241 shares of the company's stock valued at $53,000 after buying an additional 477 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

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.

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