Amentum (NYSE:AMTM) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of Amentum (NYSE:AMTM) in a research note published on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $30.00 target price on the stock.

A number of other brokerages also recently weighed in on AMTM. The Goldman Sachs Group initiated coverage on shares of Amentum in a report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price target for the company. BTIG Research initiated coverage on shares of Amentum in a report on Tuesday, April 15th. They set a “buy” rating and a $30.00 price target for the company. Truist Financial cut their price target on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley initiated coverage on shares of Amentum in a report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target for the company. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.38.

Amentum Trading Up 0.6%

NYSE AMTM opened at $21.34 on Monday. 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. The firm has a 50-day moving average price of $19.18 and a two-hundred day moving average price of $21.75.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. On average, equities analysts predict that Amentum will post 2.1 earnings per share for the current year.

Insider Buying and Selling

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amentum

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in Amentum in the 3rd quarter valued at approximately $8,739,000. Foundations Investment Advisors LLC acquired a new stake in shares of Amentum during the fourth quarter worth $409,000. New York State Common Retirement Fund increased 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 worth $7,969,000 after buying an additional 300,431 shares during the period. Yousif Capital Management LLC increased 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 worth $1,026,000 after buying an additional 34,291 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Amentum by 66.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company’s stock worth $26,587,000 after buying an additional 503,741 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.