Amentum (NYSE:AMTM) Shares Gap Down - What's Next?

Key Points

• Amentum shares gapped down from a $24.44 close to a $23.20 open and last traded around $22.72, below the 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: the consensus rating is Hold, with an average price target of $32.00 after several firms reduced targets.
• Amentum exceeded quarterly EPS expectations with $0.67 versus $0.61 estimated, but revenue fell 2% year over year to $3.49 billion; management issued fiscal 2026 EPS guidance of $2.40–$2.50.

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $24.44, but opened at $23.20. Amentum shares last traded at $22.7220, with a volume of 483,004 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Amentum from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Amentum from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Weiss Ratings cut shares of Amentum from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, June 23rd. Truist Financial reissued a "buy" rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Finally, BTIG Research restated a "buy" rating and issued a $35.00 price objective on shares of Amentum in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $32.00.

Amentum Stock Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $5.64 billion, a PE ratio of 38.70, a P/E/G ratio of 0.72 and a beta of 0.30. The firm has a fifty day moving average price of $21.88 and a two-hundred day moving average price of $26.08.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the previous year, the business earned $0.56 EPS. Amentum's revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Research analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current year.

Hedge Funds Weigh In On Amentum

Hedge funds have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd purchased a new stake in shares of Amentum during the first quarter worth about $411,000. Cetera Investment Advisers purchased a new stake in Amentum during the 2nd quarter worth approximately $335,000. JPMorgan Chase & Co. grew its position in Amentum by 4.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company's stock worth $2,156,000 after purchasing an additional 3,608 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Amentum in the second quarter worth $241,000. Finally, Gabelli Funds LLC purchased a new position in shares of Amentum in the second quarter worth $592,000. 39.93% of the stock is currently owned by 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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