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

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

AMTM has been the subject of a number of other research reports. 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, May 26th. They issued an “underperform” rating and a $22.00 price target on the stock. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price objective on the stock. Weiss Ratings downgraded shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.00.

Amentum Stock Down 0.2%

Shares of NYSE:AMTM opened at $21.20 on Friday. The stock’s 50-day moving average is $22.95 and its 200 day moving average is $27.79. The company has a market cap of $5.18 billion, a PE ratio of 35.33, a P/E/G ratio of 0.62 and a beta of 0.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. Amentum has a 1 year low of $19.80 and a 1 year high of $38.11.

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

Hedge Funds Weigh In On Amentum

Large investors have recently made changes to their positions in the business. Legacy Advisors LLC purchased a new stake in shares of Amentum in the fourth quarter worth $284,614,000. Focus Partners Wealth raised its position in shares of Amentum by 8,467.6% in the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after purchasing an additional 2,761,801 shares during the last quarter. Invesco Ltd. raised 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. Norges Bank bought a new position in Amentum in the 4th quarter worth about $66,529,000. 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 worth $98,767,000 after purchasing an additional 1,954,494 shares in the last quarter. 39.93% of the stock is currently 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.