Amentum (NYSE:AMTM) Shares Down 2.9% – Here’s What Happened

Amentum Holdings, Inc. (NYSE:AMTM) traded down 2.9% during trading on Tuesday . The stock traded as low as $21.58 and last traded at $21.66. 453,978 shares changed hands during trading, a decline of 85% from the average session volume of 3,092,736 shares. The stock had previously closed at $22.30.

Wall Street Analyst Weigh In

AMTM has been the subject of a number of research reports. Raymond James initiated coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Truist Financial assumed coverage on Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company.

Amentum Trading Down 4.3 %

The company has a 50 day moving average of $25.44.

Institutional Trading of Amentum

Several institutional investors have recently added to or reduced their stakes in AMTM. Arrow Financial Corp bought a new stake in shares of Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE bought a new stake in Amentum in the third quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new stake in shares of Amentum during the third quarter valued at approximately $32,000. Signaturefd LLC bought a new position in shares of Amentum in the third quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the third quarter worth $35,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

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.