Amentum (NYSE:AMTM) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Amentum (NYSE:AMTM) in a research note released on Thursday morning, Marketbeat reports. The firm issued a neutral rating and a $21.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.20.

Amentum Stock Performance

AMTM stock opened at $18.33 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum has a 52-week low of $16.95 and a 52-week high of $34.47. The company’s 50-day moving average price is $20.44.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Equities analysts anticipate that Amentum will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMTM. Huntington National Bank acquired a new position in Amentum in the fourth quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the third quarter worth about $32,000. Glen Eagle Advisors LLC acquired a new stake in shares of Amentum during the third quarter worth approximately $35,000. IFP Advisors Inc increased its holdings in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after buying an additional 833 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Amentum during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds 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.