Morgan Stanley Begins Coverage on Amentum (NYSE:AMTM)

Investment analysts at Morgan Stanley began coverage on shares of Amentum (NYSE:AMTM) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set an “underweight” rating and a $19.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 1.36% from the company’s previous close.

AMTM has been the topic of a number of other research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. The Goldman Sachs Group initiated coverage on shares of Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective for the company. Truist Financial cut their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a research note on Monday. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, BTIG Research initiated coverage on Amentum in a report on Tuesday. They issued a “buy” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.71.

Amentum Stock Up 0.2 %

NYSE:AMTM opened at $18.75 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum has a twelve month low of $16.01 and a twelve month high of $34.47. The business’s 50 day moving average is $18.88.

Amentum (NYSE:AMTM) 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. Sell-side analysts anticipate that Amentum will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC bought a new stake in shares of Amentum during the 3rd quarter valued at approximately $32,000. Huntington National Bank acquired a new position in shares of Amentum during the fourth quarter worth $30,000. IFP Advisors Inc lifted its stake in shares of Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Amentum during the 4th quarter valued at $36,000. Finally, Horizon Investments LLC bought a new stake in Amentum during the 4th quarter worth $36,000. Institutional investors and hedge funds 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.