Amentum (NYSE:AMTM) Sets New 52-Week Low – Here’s What Happened

Amentum Holdings, Inc. (NYSE:AMTM)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.80 and last traded at $19.9290, with a volume of 113712 shares traded. The stock had previously closed at $19.99.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley set a $24.00 target price on shares of Amentum in a report on Tuesday, August 11th. The Goldman Sachs Group set a $24.00 target price on shares of Amentum in a research note on Thursday, August 20th. Bank of America decreased their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. dropped their price target on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Finally, Zacks Research lowered Amentum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.18.

Amentum Stock Down 0.3%

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.87 billion, a P/E ratio of 24.02, a PEG ratio of 0.58 and a beta of 0.27. The firm has a 50-day moving average price of $21.44 and a two-hundred day moving average price of $24.38.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the business posted $0.56 earnings per share. Amentum’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMTM. Los Angeles Capital Management LLC bought a new stake in Amentum during the 4th quarter worth about $26,000. Western Wealth Management LLC bought a new stake in shares of Amentum during the first quarter worth approximately $33,000. NFSG Corp acquired a new position in Amentum in the first quarter valued at approximately $35,000. Global Retirement Partners LLC acquired a new stake in Amentum during the 2nd quarter worth $31,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Amentum during the 4th quarter valued at $48,000. 39.93% of the stock is currently owned by 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.