Amentum (NYSE:AMTM) Stock Price Up 4% – What’s Next?

Shares of Amentum Holdings, Inc. (NYSE:AMTM) were up 4% on Friday . The company traded as high as $23.18 and last traded at $22.8950. Approximately 175,612 shares were traded during trading, a decline of 91% from the average session volume of 2,023,642 shares. The stock had previously closed at $22.01.

Wall Street Analyst Weigh In

AMTM has been the subject of several research analyst reports. BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target for the company. BNP Paribas Exane assumed coverage on shares of Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective for the company. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Finally, Weiss Ratings cut Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.00.

Amentum Stock Performance

The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 0.66 and a beta of 0.35. The stock’s 50 day moving average is $21.87 and its two-hundred day moving average is $26.92. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in Amentum by 13.0% in the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after buying an additional 2,539,594 shares during the period. Primecap Management Co. CA boosted its holdings in Amentum by 1.7% in the 4th quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock valued at $351,681,000 after purchasing an additional 208,341 shares in the last quarter. Legacy Advisors LLC purchased a new stake in Amentum in the 4th quarter valued at approximately $284,614,000. State Street Corp increased its position in Amentum by 7.6% during the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company’s stock worth $167,117,000 after purchasing an additional 501,898 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Amentum by 106.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after purchasing an additional 1,954,494 shares during the period. Institutional investors and hedge funds 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.