Amentum Holdings, Inc. (NYSE:AMTM) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Amentum has a consensus “Hold” rating from 13 analysts: seven holds, five buys and one sell. The average 12-month price target is $29.18, above the reported share price of $20.46.
• Several analysts recently lowered their price targets, including Bank of America to $30 and RBC to $26, while Truist maintained a buy rating with a reduced $35 target.
• Amentum’s latest quarterly earnings exceeded expectations, with EPS of $0.67 versus a $0.61 consensus estimate, although revenue fell 2% year over year to $3.49 billion. Institutional investors own approximately 39.93% of the company.

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.1818.

Several research firms recently weighed in on AMTM. Zacks Research cut shares of Amentum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. The Goldman Sachs Group set a $24.00 price objective on Amentum in a research report on Thursday, August 20th. Bank of America lowered their price objective on Amentum from $35.00 to $30.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada reduced their target price on Amentum from $28.00 to $26.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 12th. Finally, Truist Financial reissued a "buy" rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th.

Institutional Trading of Amentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTM. Invesco Ltd. lifted its stake in Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company's stock worth $529,698,000 after purchasing an additional 2,539,594 shares during the period. BlackRock Inc. bought a new position in shares of Amentum during the 2nd quarter worth approximately $370,137,000. Primecap Management Co. CA bought a new position in shares of Amentum during the 2nd quarter worth approximately $253,941,000. State Street Corp boosted its stake in Amentum by 7.6% in the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company's stock valued at $167,117,000 after buying an additional 501,898 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Amentum by 106.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company's stock valued at $98,767,000 after buying an additional 1,954,494 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Trading Down 0.7%

Shares of AMTM stock opened at $20.46 on Friday. The firm has a market capitalization of $5.00 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 0.60 and a beta of 0.30. Amentum has a 1 year low of $19.80 and a 1 year high of $38.11. The firm's fifty day simple moving average is $21.51 and its 200 day simple moving average is $24.72. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The business's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, sell-side analysts predict that Amentum will post 2.38 EPS for the current year.

Amentum Company Profile

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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