Truist Financial Has Lowered Expectations for Amentum (NYSE:AMTM) Stock Price

Amentum (NYSE:AMTM - Free Report) had its target price reduced by Truist Financial from $31.00 to $24.00 in a research report report published on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

AMTM has been the subject of several other research reports. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Amentum presently has a consensus rating of "Hold" and a consensus target price of $24.71.

Amentum Stock Performance

Amentum stock traded up $0.05 during mid-day trading on Monday, reaching $18.75. The company had a trading volume of 1,572,004 shares, compared to its average volume of 2,874,487. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a fifty day moving average of $18.81. 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 (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data 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. On average, equities analysts forecast that Amentum will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company's stock, 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. 18.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank purchased a new position in Amentum during the 4th quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in Amentum in the third quarter valued at approximately $32,000. IFP Advisors Inc grew its holdings in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc purchased a new position in Amentum during the 4th quarter valued at about $36,000. Finally, Horizon Investments LLC purchased a new stake in shares of Amentum in the 4th quarter worth about $36,000. Institutional investors own 39.93% of the company's stock.

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.