Amentum (NYSE:AMTM) Coverage Initiated by Analysts at BTIG Research

BTIG Research began coverage on shares of Amentum (NYSE:AMTM) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $30.00 target price on the stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group initiated coverage on Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price for the company. Truist Financial dropped their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amentum presently has a consensus rating of “Moderate Buy” and an average target price of $25.67.

Amentum Price Performance

NYSE:AMTM opened at $18.74 on Tuesday. The stock’s 50-day simple moving average is $18.95. Amentum has a one year low of $16.01 and a one year high of $34.47. 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) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. As a group, sell-side analysts expect that Amentum will post 2.1 EPS for the current year.

Insiders Place Their Bets

In related news, insider Steven J. Demetriou purchased 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 purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara Loughran bought 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of 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. 18.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amentum

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp purchased a new stake in Amentum during the 3rd quarter valued at approximately $2,107,000. Jane Street Group LLC acquired a new stake in shares of Amentum during the third quarter valued at $1,843,000. XTX Topco Ltd purchased a new position in shares of Amentum during the third quarter valued at approximately $238,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Amentum in the third quarter valued at $352,000. Finally, MML Investors Services LLC acquired a new stake in shares of Amentum in the third quarter worth approximately $449,000. Hedge funds and other 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.