Amentum (NYSE:AMTM) Coverage Initiated by Analysts at Morgan Stanley

Analysts at Morgan Stanley assumed coverage on shares of Amentum (NYSE:AMTM) in a note issued to investors on Wednesday, MarketBeat reports. The firm set an “underweight” rating and a $19.00 price target on the stock. Morgan Stanley’s target price points to a potential upside of 1.36% from the stock’s previous close.

A number of other equities analysts also recently weighed in on AMTM. The Goldman Sachs Group assumed coverage on shares of Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 target price for the company. Cantor Fitzgerald raised Amentum to a “hold” rating in a research note on Tuesday, February 25th. BTIG Research began coverage on Amentum in a report on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Truist Financial lowered their price objective on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a research note on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.71.

Amentum Stock Up 0.2 %

Shares of NYSE:AMTM opened at $18.75 on Wednesday. Amentum has a 12-month low of $16.01 and a 12-month high of $34.47. The stock’s fifty day moving average is $18.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling at Amentum

In related news, insider Steven J. Demetriou purchased 100,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares of the company’s stock, valued at approximately $97,658. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Institutional Trading of Amentum

Several institutional investors have recently made changes to their positions in AMTM. Stifel Financial Corp bought a new stake in Amentum in the 3rd quarter worth about $2,107,000. Jane Street Group LLC bought a new stake in Amentum during the third quarter worth $1,843,000. XTX Topco Ltd purchased a new position in Amentum in the third quarter worth $238,000. Orion Portfolio Solutions LLC bought a new position in Amentum in the 3rd quarter valued at $352,000. Finally, MML Investors Services LLC purchased a new stake in shares of Amentum during the 3rd quarter valued at $449,000. Institutional investors 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.