Amentum (NYSE:AMTM) Cut to Hold at Wall Street Zen

Amentum (NYSE:AMTM) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target on the stock. Truist Financial restated a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. BNP Paribas Exane assumed coverage on shares of Amentum in a report on Tuesday. They set an “underperform” rating and a $22.00 target price on the stock. Citizens Jmp restated a “market outperform” rating and set a $40.00 target price on shares of Amentum in a report on Monday, April 13th. Finally, BTIG Research restated a “buy” rating and set a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Amentum Stock Down 2.5%

Shares of AMTM opened at $23.25 on Friday. The firm has a market cap of $5.68 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 0.70 and a beta of 0.43. The company’s fifty day moving average is $25.52 and its two-hundred day moving average is $28.62. Amentum has a fifty-two week low of $19.11 and a fifty-two week high of $38.11. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. Amentum’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts forecast that Amentum will post 2.36 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

A number of institutional investors have recently added to or reduced their stakes in AMTM. Invesco Ltd. increased its position in shares of Amentum by 13.0% in the 3rd 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 last quarter. Primecap Management Co. CA increased its position in shares of Amentum by 1.7% in the 4th quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock worth $351,681,000 after purchasing an additional 208,341 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of Amentum in the 4th quarter worth about $284,614,000. State Street Corp increased its position in shares of Amentum by 7.6% in the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company’s stock worth $167,117,000 after purchasing an additional 501,898 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Amentum by 106.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after purchasing an additional 1,954,494 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.