Amentum (NYSE:AMTM) Coverage Initiated at BTIG Research

Investment analysts at BTIG Research initiated coverage on shares of Amentum (NYSE:AMTM) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 60.34% from the stock’s current price.

Several other research analysts also recently commented on AMTM. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price on the stock. Cantor Fitzgerald raised Amentum to a “hold” rating in a report on Tuesday, February 25th. Truist Financial cut their price target on Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.71.

Amentum Price Performance

Amentum stock opened at $18.71 on Tuesday. Amentum has a one year low of $16.01 and a one year high of $34.47. The stock’s fifty day simple moving average is $18.88. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share 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 year.

Insiders Place Their Bets

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the transaction, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMTM. Huntington National Bank acquired a new position in shares of Amentum during the fourth quarter valued at $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the third quarter valued at approximately $32,000. IFP Advisors Inc grew its holdings in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares during the period. Asset Planning Inc bought a new stake in shares of Amentum during the 4th quarter valued at $36,000. Finally, Horizon Investments LLC bought a new position in shares of Amentum in the 4th quarter worth $36,000. 39.93% of the stock is currently owned by institutional investors.

About Amentum

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.