Brokerages Set Amentum Holdings, Inc. (NYSE:AMTM) Target Price at $25.38

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.22.

A number of analysts have recently issued reports on AMTM shares. Morgan Stanley started coverage on shares of Amentum in a report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target for the company. Truist Financial dropped their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Bank of America began coverage on shares of Amentum in a research note on Tuesday. They issued a “neutral” rating and a $24.00 price target for the company. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, BTIG Research started coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a “buy” rating and a $30.00 price objective for the company.

Hedge Funds Weigh In On Amentum

Several large investors have recently bought and sold shares of AMTM. Rhumbline Advisers raised its holdings in shares of Amentum by 5.1% in the first quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock valued at $5,644,000 after buying an additional 14,919 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its position in shares of 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 purchasing an additional 1,800 shares during the last quarter. Nexpoint Asset Management L.P. grew its position in shares of 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 purchasing an additional 25,905 shares during the last quarter. Millennium Management LLC grew its position in shares of Amentum by 68.1% in the first quarter. Millennium Management LLC now owns 2,011,792 shares of the company’s stock valued at $36,615,000 after purchasing an additional 815,218 shares during the last quarter. Finally, Engine Capital Management LP boosted its position in Amentum by 2.2% during the first quarter. Engine Capital Management LP now owns 635,255 shares of the company’s stock worth $11,562,000 after acquiring an additional 13,855 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Down 3.6%

NYSE:AMTM opened at $22.29 on Wednesday. Amentum has a 52 week low of $16.01 and a 52 week high of $34.47. The stock’s 50-day moving average price is $20.37 and its 200-day moving average price is $20.75. 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 released its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates 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. Sell-side analysts predict that Amentum will post 2.1 EPS for the current year.

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.