Amentum (NYSE:AMTM) Reaches New 52-Week Low – What’s Next?

Amentum Holdings, Inc. (NYSE:AMTM) reached a new 52-week low on Wednesday . The stock traded as low as $20.77 and last traded at $20.99, with a volume of 1867312 shares trading hands. The stock had previously closed at $21.06.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Amentum in a report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price objective on the stock. Royal Bank Of Canada reduced their price target on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. BNP Paribas Exane initiated coverage on shares of Amentum in a research note on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price target on the stock. Weiss Ratings raised shares of Amentum from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. Six equities 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. According to MarketBeat, Amentum currently has an average rating of “Hold” and an average target price of $32.00.

Amentum Trading Down 0.3%

The company has a 50-day moving average price of $24.08 and a two-hundred day moving average price of $28.27. The stock has a market cap of $5.13 billion, a P/E ratio of 34.98, a P/E/G ratio of 0.62 and a beta of 0.27. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83.

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

Institutional Trading of Amentum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFM Investors Pty Ltd purchased a new position in shares of Amentum during the first quarter valued at approximately $411,000. Cetera Investment Advisers purchased a new stake in shares of Amentum in the second quarter worth approximately $335,000. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 3,608 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Amentum during the 2nd quarter worth approximately $241,000. Finally, Gabelli Funds LLC purchased a new position in Amentum during the 2nd quarter valued at $592,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

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.