Amentum (NYSE:AMTM) Reaches New 52-Week Low - Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $17.41 and last traded at $17.73, with a volume of 563569 shares changing hands. The stock had previously closed at $18.56.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target on the stock.

Amentum Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The stock's 50-day moving average price is $20.88.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

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Insider Transactions at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were bought 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 in the company, valued at approximately $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its stake in shares of Amentum by 9.7% in the 4th 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 last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Amentum by 22.5% in the fourth 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 in the last quarter. IFP Advisors Inc boosted its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after buying an additional 833 shares in the last quarter. State of Wyoming boosted its stake 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 buying an additional 833 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Amentum in the third quarter valued at approximately $30,000. 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.