Brokerages Set Amentum Holdings, Inc. (NYSE:AMTM) Price Target at $24.80

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.71.

A number of equities research analysts have issued reports on AMTM shares. Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. BTIG Research initiated coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target for the company. Truist Financial reduced their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley began coverage on Amentum in a report on Wednesday. They issued an "underweight" rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th.

Amentum Trading Up 0.2 %

Amentum stock traded up $0.05 during mid-day trading on Tuesday, hitting $18.75. The company had a trading volume of 1,572,004 shares, compared to its average volume of 2,874,487. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm's fifty day moving average is $18.77. Amentum has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Analysts anticipate that Amentum will post 2.1 earnings per share for the current year.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated 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 completion of the acquisition, the insider now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Institutional Trading of Amentum

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its holdings in shares of Amentum by 9.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after purchasing an additional 675 shares during the period. EverSource Wealth Advisors LLC increased its stake in Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after buying an additional 730 shares during the period. IFP Advisors Inc raised its position in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares during the last quarter. State of Wyoming boosted its holdings in shares of Amentum by 43.3% in the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after acquiring an additional 833 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of Amentum during the third quarter worth about $32,000. 39.93% of the stock is 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.