Amentum Sees Unusually High Options Volume (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) saw unusually large options trading on Monday. Traders acquired 20,906 call options on the stock. This represents an increase of approximately 429% compared to the average volume of 3,952 call options.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMTM shares. Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. Raymond James initiated 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, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th.

Insider Buying and Selling

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

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Institutional Investors Weigh In On Amentum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrow Financial Corp purchased a new position in shares of Amentum in the third quarter worth approximately $26,000. US Bancorp DE purchased a new position in shares of Amentum during the 3rd quarter worth $30,000. Huntington National Bank bought a new stake in shares of Amentum during the 4th quarter valued at $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum during the 3rd quarter valued at $32,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Down 4.6 %

NYSE:AMTM traded down $0.89 during trading hours on Thursday, reaching $18.36. The company had a trading volume of 1,896,707 shares, compared to its average volume of 2,190,653. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The company's 50 day simple moving average is $21.21. Amentum has a 52 week low of $17.82 and a 52 week high of $34.50.

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, topping the consensus estimate of $0.45 by $0.06. Research analysts forecast that Amentum will post 2.1 earnings per share for the current year.

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.