Amentum Holdings, Inc. (NYSE:AMTM) Receives Consensus Rating of “Hold” from Analysts

Amentum Holdings, Inc. (NYSE:AMTM) has been given an average rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $27.30.

AMTM has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Truist Financial boosted their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Finally, Bank of America lifted their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th.

Hedge Funds Weigh In On Amentum

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in Amentum by 6.8% in the second quarter. Osaic Holdings Inc. now owns 21,993 shares of the company’s stock worth $519,000 after purchasing an additional 1,396 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Amentum by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 1,687,105 shares of the company’s stock worth $39,833,000 after purchasing an additional 65,781 shares during the period. Marex Group plc bought a new position in shares of Amentum in the 2nd quarter worth about $1,180,000. State of Wyoming bought a new position in shares of Amentum in the 2nd quarter worth about $65,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Amentum by 13.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 514,172 shares of the company’s stock valued at $12,140,000 after buying an additional 59,043 shares during the period. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Down 1.3%

Shares of NYSE AMTM opened at $22.65 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. Amentum has a 1 year low of $16.01 and a 1 year high of $34.50. The stock’s 50-day simple moving average is $24.72 and its 200-day simple moving average is $21.95. The firm has a market cap of $5.51 billion and a price-to-earnings ratio of 58.08.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. The business’s revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, equities analysts anticipate that Amentum will post 2.1 earnings per share for the current fiscal year.

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.