Amentum (NYSE:AMTM) Reaches New 1-Year Low – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTMGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.73 and last traded at $19.7950, with a volume of 242028 shares changing hands. The stock had previously closed at $20.06.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMTM shares. Royal Bank Of Canada cut their price target on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 12th. UBS Group upped their target price on Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group set a $24.00 price target on Amentum in a research report on Thursday, August 20th. Morgan Stanley set a $24.00 price objective on Amentum in a report on Tuesday, August 11th. Finally, Bank of America reduced their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Amentum presently has an average rating of “Hold” and an average target price of $29.18.

Check Out Our Latest Analysis on AMTM

Amentum Stock Performance

The firm’s 50 day moving average is $21.44 and its 200-day moving average is $24.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 0.58 and a beta of 0.26.

Amentum (NYSE:AMTMGet Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.Amentum’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Analysts forecast that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

Hedge funds and other institutional investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Amentum during the 2nd quarter worth $401,000. California State Teachers Retirement System lifted its stake in shares of Amentum by 1,952.1% in the second quarter. California State Teachers Retirement System now owns 3,787,219 shares of the company’s stock worth $78,282,000 after buying an additional 3,602,664 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Amentum in the second quarter worth about $553,000. Troluce Capital Advisors LLC boosted its position in Amentum by 256.5% during the second quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock worth $73,697,000 after acquiring an additional 2,565,399 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in Amentum during the 2nd quarter valued at about $742,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

(Get Free Report)

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.

Further Reading

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