Amentum (NYSE:AMTM) Shares Down 2.9% – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM)’s stock price traded down 2.9% during trading on Tuesday . The company traded as low as $21.58 and last traded at $21.66. 453,978 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,092,736 shares. The stock had previously closed at $22.30.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial began coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company. Raymond James began coverage on Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company.

Amentum Stock Down 5.7 %

The firm’s 50 day moving average price is $25.12.

Institutional Trading of Amentum

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrow Financial Corp bought a new position in shares of Amentum in the 3rd quarter worth about $26,000. US Bancorp DE bought a new stake in shares of Amentum in the 3rd quarter worth $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum during the 3rd quarter worth $32,000. Signaturefd LLC acquired a new position in shares of Amentum in the 3rd quarter worth $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum during the third quarter valued at $35,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

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.