Amentum (NYSE:AMTM) Sets New 12-Month High After Better-Than-Expected Earnings

Amentum Holdings, Inc. (NYSE:AMTM) hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $31.18 and last traded at $31.2520, with a volume of 2005018 shares trading hands. The stock had previously closed at $25.37.

The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.61 billion. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Amentum has set its FY 2026 guidance at EPS.

Analysts Set New Price Targets

A number of analysts recently commented on AMTM shares. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. BTIG Research reissued a “buy” rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, October 27th. Raymond James Financial reiterated an “outperform” rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. The Goldman Sachs Group increased their target price on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Finally, Bank of America upped their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.25.

Institutional Trading of Amentum

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nuveen LLC bought a new stake in shares of Amentum during the 1st quarter valued at about $5,238,000. State of Alaska Department of Revenue raised its position in Amentum by 13.2% in the second quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock worth $2,120,000 after acquiring an additional 10,487 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Amentum by 14.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock worth $20,498,000 after acquiring an additional 107,697 shares during the last quarter. Rhumbline Advisers grew its position in shares of Amentum by 5.1% during the 1st quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock valued at $5,644,000 after acquiring an additional 14,919 shares during the period. Finally, Primecap Management Co. CA grew its position in shares of Amentum by 19.6% during the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock valued at $284,044,000 after acquiring an additional 1,969,067 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Price Performance

The stock has a market capitalization of $7.65 billion, a PE ratio of 80.14, a price-to-earnings-growth ratio of 0.80 and a beta of 0.24. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average price of $23.09 and a 200 day moving average price of $23.38.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.