Amentum Holdings, Inc. (NYSE:AMTM – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $23.94, but opened at $25.52. Amentum shares last traded at $24.36, with a volume of 453,839 shares.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on AMTM shares. Wall Street Zen cut shares of Amentum from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Royal Bank Of Canada upped their price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 11th. Citizens Jmp reiterated a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research note on Monday, April 13th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Citigroup reissued an “outperform” rating on shares of Amentum in a research note on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Amentum has a consensus rating of “Hold” and an average price target of $34.91.
Read Our Latest Research Report on AMTM
Amentum Stock Performance
Amentum (NYSE:AMTM – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Amentum had a return on equity of 11.56% and a net margin of 0.69%.The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts forecast that Amentum Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Amentum
Several hedge funds have recently modified their holdings of AMTM. Los Angeles Capital Management LLC acquired a new stake in Amentum in the 4th quarter worth approximately $26,000. Financial Consulate Inc. acquired a new position in Amentum during the 4th quarter valued at approximately $38,000. Salomon & Ludwin LLC raised its holdings in shares of Amentum by 98.6% in the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after buying an additional 648 shares during the last quarter. NFSG Corp purchased a new position in shares of Amentum in the first quarter worth $35,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Amentum by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.
Amentum Company Profile
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.
Featured Stories
- Five stocks we like better than Amentum
- On Holdings Sets Up for Marathon Rally: New Highs Are Coming
- The DRAM Shake-Up: Samsung Stumbles, Micron Chases $1000
- MP Materials Is Quietly Building a Rare Earth Powerhouse
- AI Demand Fuels Strong Q1 Earnings for Constellation Energy
Receive News & Ratings for Amentum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amentum and related companies with MarketBeat.com's FREE daily email newsletter.
