Wall Street Zen cut shares of Amentum (NYSE:AMTM – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.
AMTM has been the topic of several other reports. Morgan Stanley set a $24.00 target price on Amentum in a report on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price target on Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, August 17th. Weiss Ratings downgraded shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. UBS Group lifted their price objective on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $24.00 target price on shares of Amentum in a research report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amentum has an average rating of “Hold” and a consensus price target of $29.18.
Read Our Latest Research Report on AMTM
Amentum Stock Down 0.4%
Amentum (NYSE:AMTM – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Research analysts anticipate that Amentum will post 2.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in Amentum during the 4th quarter worth approximately $26,000. Western Wealth Management LLC purchased a new position in shares of Amentum during the 1st quarter valued at approximately $33,000. NFSG Corp acquired a new stake in shares of Amentum during the first quarter worth approximately $35,000. Global Retirement Partners LLC acquired a new stake in shares of Amentum during the second quarter worth approximately $31,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Amentum in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.
Amentum Company Profile
Amentum (NYSE: AMTM) is a global engineering and technical services company that provides mission support to government and commercial customers. Its capabilities include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, intelligence analysis, and professional services.
The company supports customers across the defense, intelligence, space, civilian government, energy, environmental, and industrial markets. Its work includes maintaining and modernizing critical infrastructure and complex platforms, supporting national security missions, managing nuclear and environmental programs, and providing technical services for space and other advanced technology programs.
Amentum was established through the combination of Amentum and Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, which was completed in 2024.
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