Amentum (NYSE:AMTM) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Amentum (NYSE:AMTM - Get Free Report) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $21.00 price target on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 12.81% from the stock's current price.

Several other research firms have also recently weighed in on AMTM. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Finally, Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and an average price target of $26.20.

Amentum Price Performance

Shares of AMTM stock traded up $0.30 on Thursday, hitting $18.62. 1,770,254 shares of the company's stock were exchanged, compared to its average volume of 2,770,329. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock's 50 day moving average is $20.36. Amentum has a 12 month low of $16.95 and a 12 month high of $34.47.

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Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, sell-side analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Insider Activity

In related news, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The stock was bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Loughran purchased 4,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. This trade represents 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.

Hedge Funds Weigh In On Amentum

Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its position in Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after buying an additional 675 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after purchasing an additional 730 shares during the period. IFP Advisors Inc grew 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 worth $35,000 after purchasing an additional 833 shares during the last quarter. State of Wyoming grew 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 worth $58,000 after purchasing an additional 833 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in Amentum during the 3rd quarter valued at about $32,000. 39.93% of the stock is currently owned by institutional investors.

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.