Amentum (NYSE:AMTM) Hits New 12-Month Low – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTMGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.00 and last traded at $21.0430, with a volume of 141201 shares traded. The stock had previously closed at $21.50.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMTM shares. Truist Financial reiterated a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Royal Bank Of Canada cut their target price on Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. JPMorgan Chase & Co. cut their target price on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. BNP Paribas Exane started coverage on Amentum in a research report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 target price for the company. Finally, Wall Street Zen cut Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Amentum currently has an average rating of “Hold” and an average price target of $32.00.

Get Our Latest Research Report on AMTM

Amentum Stock Down 0.2%

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.24 billion, a P/E ratio of 35.77, a P/E/G ratio of 0.65 and a beta of 0.27. The business has a 50-day moving average price of $24.51 and a 200 day moving average price of $28.47.

Amentum (NYSE:AMTMGet Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Amentum

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in shares of Amentum by 1,088.2% in the 4th quarter. SG Americas Securities LLC now owns 345,341 shares of the company’s stock worth $10,015,000 after purchasing an additional 316,277 shares during the period. Brightline Capital Management LLC boosted its holdings in shares of Amentum by 20.0% in the 3rd quarter. Brightline Capital Management LLC now owns 1,200,000 shares of the company’s stock worth $28,740,000 after purchasing an additional 200,000 shares during the period. South Dakota Investment Council purchased a new position in shares of Amentum in the 3rd quarter worth approximately $1,543,000. M&T Bank Corp boosted its holdings in shares of Amentum by 5,325.3% in the 4th quarter. M&T Bank Corp now owns 462,836 shares of the company’s stock worth $13,422,000 after purchasing an additional 454,305 shares during the period. Finally, Delphi Management Inc. MA purchased a new position in shares of Amentum in the 4th quarter worth approximately $1,424,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

(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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