Amentum Holdings, Inc. (NYSE:AMTM) Given Consensus Rating of “Hold” by Brokerages

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $25.22.

A number of equities research analysts recently weighed in on AMTM shares. The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective on the stock. BTIG Research assumed coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a “buy” rating and a $30.00 price target for the company. Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price objective on the stock. Bank of America assumed coverage on shares of Amentum in a research report on Tuesday, June 10th. They set a “neutral” rating and a $24.00 target price for the company. Finally, Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the company a “sector perform” rating in a research note on Wednesday, May 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cacti Asset Management LLC raised its stake in shares of Amentum by 1.7% during the 2nd quarter. Cacti Asset Management LLC now owns 848,946 shares of the company’s stock valued at $19,908,000 after buying an additional 14,504 shares during the last quarter. Voya Investment Management LLC grew its holdings in Amentum by 55.4% during the first quarter. Voya Investment Management LLC now owns 628,154 shares of the company’s stock worth $11,432,000 after acquiring an additional 224,039 shares during the period. Rhumbline Advisers raised its position in Amentum by 5.1% during the first quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock valued at $5,644,000 after acquiring an additional 14,919 shares in the last quarter. Security National Bank of Sioux City Iowa IA lifted its holdings in Amentum by 11.8% in the first quarter. Security National Bank of Sioux City Iowa IA now owns 17,069 shares of the company’s stock valued at $311,000 after acquiring an additional 1,800 shares during the period. Finally, Nexpoint Asset Management L.P. lifted its holdings in Amentum by 144.0% in the first quarter. Nexpoint Asset Management L.P. now owns 43,900 shares of the company’s stock valued at $799,000 after acquiring an additional 25,905 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Up 0.1%

AMTM opened at $24.33 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s fifty day moving average is $21.94 and its two-hundred day moving average is $20.66. Amentum has a 52 week low of $16.01 and a 52 week high of $34.47.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. As a group, analysts predict that Amentum will post 2.1 earnings per share for the current fiscal year.

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.