Amentum (NYSE:AMTM) Stock Bumped Down to “Hold” by Wall Street Zen

Wall Street Zen downgraded shares of Amentum (NYSE:AMTM) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

AMTM has been the subject of a number of other reports. UBS Group raised their price target on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Bank of America dropped their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Royal Bank Of Canada cut their price objective on Amentum from $26.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Wednesday. BNP Paribas Exane raised Amentum from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $21.00 to $20.00 in a research report on Tuesday, October 6th. Finally, Weiss Ratings upgraded Amentum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.91.

Amentum Stock Performance

Amentum stock opened at $21.82 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $5.34 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 0.59 and a beta of 0.31. Amentum has a 1-year low of $17.72 and a 1-year high of $38.11. The company’s 50-day moving average is $19.82 and its 200 day moving average is $24.57.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Research analysts forecast that Amentum will post 2.38 EPS for the current year.

Institutional Investors Weigh In On Amentum

Several large investors have recently added to or reduced their stakes in AMTM. BlackRock Inc. bought a new stake in Amentum during the 2nd quarter valued at $370,137,000. Bank of America Corp DE lifted its holdings in shares of Amentum by 107.8% in the 1st quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after buying an additional 1,247,614 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Amentum during the 2nd quarter worth $18,150,000. Bryn Mawr Trust Advisors LLC bought a new position in shares of Amentum during the 2nd quarter worth $2,924,000. Finally, Troluce Capital Advisors LLC purchased a new position in shares of Amentum during the first quarter valued at $26,080,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

About Amentum

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.