Amentum (NYSE:AMTM) Now Covered by Analysts at Citizens Jmp

Equities researchers at Citizens Jmp began coverage on shares of Amentum (NYSE:AMTM) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Citizens Jmp’s target price would indicate a potential upside of 42.05% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 target price for the company. Truist Financial cut their price objective on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, BTIG Research began coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a “buy” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.38.

Amentum Price Performance

Shares of AMTM opened at $21.12 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum has a 52-week low of $16.01 and a 52-week high of $34.47. The business’s 50 day moving average is $19.14 and its two-hundred day moving average is $21.81.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, equities research analysts predict that Amentum will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou acquired 100,000 shares of Amentum stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the transaction, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20% increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. American Securities LLC bought a new stake in shares of Amentum during the first quarter valued at about $798,869,000. Kovitz Investment Group Partners LLC raised its stake in Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock valued at $310,978,000 after buying an additional 14,652,319 shares during the last quarter. Invesco Ltd. grew its position in Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after purchasing an additional 6,055,638 shares during the period. Primecap Management Co. CA lifted its holdings in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after purchasing an additional 3,647,210 shares in the last quarter. Finally, Cooper Creek Partners Management LLC boosted its position in shares of Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock worth $87,422,000 after acquiring an additional 3,319,364 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

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.