Amentum (NYSE:AMTM) Trading 8.3% Higher - What's Next?

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report)'s stock price traded up 8.3% during mid-day trading on Friday . The stock traded as high as $19.79 and last traded at $19.85. 1,550,294 shares changed hands during trading, a decline of 42% from the average session volume of 2,694,491 shares. The stock had previously closed at $18.33.

Analyst Upgrades and Downgrades

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

Amentum Trading Down 7.4 %

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 business has a 50-day moving average of $21.08.

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

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Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Arrow Financial Corp bought a new stake in shares of Amentum during the third quarter valued at approximately $26,000. US Bancorp DE bought a new position in Amentum in the third quarter valued at about $30,000. Huntington National Bank acquired a new stake in Amentum in the fourth quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in Amentum during the 3rd quarter worth about $32,000. Finally, Glen Eagle Advisors LLC acquired a new position in Amentum during the 3rd quarter valued at about $35,000. 39.93% of the stock is owned by 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.