Amentum (NYSE:AMTM) Reaches New 12-Month High on Analyst Upgrade

Amentum Holdings, Inc. (NYSE:AMTM) shares reached a new 52-week high during trading on Tuesday after Citizens Jmp raised their price target on the stock from $35.00 to $40.00. Citizens Jmp currently has a market outperform rating on the stock. Amentum traded as high as $34.64 and last traded at $34.3730, with a volume of 1914631 shares. The stock had previously closed at $33.63.

A number of other equities analysts also recently issued reports on AMTM. Truist Financial increased their target price on Amentum from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. BTIG Research increased their price objective on Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. JMP Securities set a $35.00 target price on shares of Amentum in a research report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.83.

Institutional Investors Weigh In On Amentum

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of Amentum by 1,088.2% during 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 last quarter. Wealth Enhancement Advisory Services LLC increased its position in Amentum by 3.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,779 shares of the company’s stock worth $4,912,000 after buying an additional 5,434 shares in the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Amentum in the fourth quarter worth $472,000. Cacti Asset Management LLC lifted its position in shares of Amentum by 2.9% in the fourth quarter. Cacti Asset Management LLC now owns 881,692 shares of the company’s stock valued at $25,745,000 after acquiring an additional 24,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Amentum by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 104,771 shares of the company’s stock valued at $2,509,000 after acquiring an additional 13,449 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 0.2%

The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 127.11, a price-to-earnings-growth ratio of 1.01 and a beta of -0.01. The business has a 50 day moving average of $28.01 and a 200 day moving average of $25.46. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

About Amentum

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.