Amentum (NYSE:AMTM) Shares Gap Down - Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $19.99, but opened at $18.60. Amentum shares last traded at $18.81, with a volume of 305,609 shares changing hands.

Analysts Set New Price Targets

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

Amentum Trading Up 0.4 %

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

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

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Insider Transactions at Amentum

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new position in Amentum during the third quarter valued at $30,000. Anchor Investment Management LLC purchased a new position in shares of Amentum in the third quarter worth $32,000. Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the third quarter worth $35,000. Studio Investment Management LLC purchased a new position in shares of Amentum in the third quarter worth $42,000. Finally, Huntington National Bank purchased a new position in shares of Amentum in the fourth quarter worth $30,000. Hedge funds and other 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.