Amentum (NYSE:AMTM) Reaches New 1-Year Low - Time to Sell?

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $17.82 and last traded at $18.12, with a volume of 89661 shares trading hands. The stock had previously closed at $18.44.

Analyst Ratings Changes

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

Amentum Trading Up 8.5 %

The company's fifty day moving average is $21.16. 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 announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Buying and Selling

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

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of 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 buying an additional 675 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Amentum by 22.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after purchasing an additional 730 shares in the last quarter. Arrow Financial Corp purchased a new position in Amentum during the 3rd quarter worth approximately $26,000. IFP Advisors Inc grew 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 purchasing an additional 833 shares in the last quarter. Finally, State of Wyoming grew its position in Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after purchasing an additional 833 shares in the last quarter. Institutional investors 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.