Amentum Holdings, Inc. (NYSE:AMTM) Receives $24.71 Average Price Target from Brokerages

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.38.

AMTM has been the topic of a number of analyst reports. Truist Financial decreased their price target on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citizens Jmp initiated coverage on Amentum in a research note on Monday. They issued an “outperform” rating and a $30.00 price target on the stock. Cantor Fitzgerald raised Amentum to a “hold” rating in a research note on Tuesday, February 25th. BTIG Research began coverage on Amentum in a research note on Tuesday, April 15th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th.

Insider Activity

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

Institutional Investors Weigh In On Amentum

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Amentum during the third quarter valued at approximately $8,739,000. Foundations Investment Advisors LLC bought a new stake in shares of Amentum during the fourth quarter valued at approximately $409,000. A. D. Beadell Investment Counsel Inc. boosted its position in shares of Amentum by 177.0% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company’s stock valued at $907,000 after purchasing an additional 27,575 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Amentum by 382.6% during the fourth quarter. New York State Common Retirement Fund now owns 378,952 shares of the company’s stock valued at $7,969,000 after purchasing an additional 300,431 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Amentum by 236.8% during the fourth quarter. Yousif Capital Management LLC now owns 48,770 shares of the company’s stock valued at $1,026,000 after purchasing an additional 34,291 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Up 0.6%

Shares of Amentum stock opened at $21.34 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $19.18 and its two-hundred day simple moving average is $21.75. Amentum has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Analysts anticipate that Amentum will post 2.1 EPS for the current year.

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.