Amentum (NYSE:AMTM) Upgraded at Zacks Research

Zacks Research upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Bank of America lowered their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday. Wall Street Zen cut Amentum from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Amentum in a research report on Thursday, May 14th. Citizens Jmp reissued a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. dropped their target price on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

Amentum Price Performance

Shares of NYSE AMTM opened at $22.05 on Tuesday. The firm has a 50-day simple moving average of $21.88 and a 200-day simple moving average of $26.95. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 0.63 and a beta of 0.35. Amentum has a 52 week low of $19.80 and a 52 week high of $38.11.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business posted $0.53 earnings per share. Amentum’s quarterly revenue was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts predict that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amentum

Several institutional investors and hedge funds have recently modified their holdings of the company. Wedge Capital Management L L P NC lifted its stake in Amentum by 14.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 187,832 shares of the company’s stock worth $3,882,000 after acquiring an additional 23,166 shares in the last quarter. Hudson Value Partners LLC grew its position in Amentum by 22.7% in the 2nd quarter. Hudson Value Partners LLC now owns 250,185 shares of the company’s stock valued at $5,171,000 after acquiring an additional 46,275 shares in the last quarter. Empowered Funds LLC acquired a new position in Amentum in the 1st quarter valued at about $206,000. Pine Valley Investments Ltd Liability Co increased its stake in Amentum by 4.5% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 79,275 shares of the company’s stock worth $2,067,000 after purchasing an additional 3,381 shares during the period. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Amentum during the first quarter worth about $219,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.