Amentum Sees Unusually High Options Volume (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) saw unusually large options trading activity on Monday. Traders purchased 3,351 call options on the company. This is an increase of 61% compared to the average daily volume of 2,080 call options.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after buying an additional 2,539,594 shares in the last quarter. Norges Bank bought a new stake in Amentum in the 2nd quarter valued at $51,015,000. Primecap Management Co. CA lifted its stake in Amentum by 19.6% in the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after purchasing an additional 1,969,067 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Amentum by 52.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock valued at $128,928,000 after purchasing an additional 1,882,011 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Amentum during the second quarter valued at about $32,576,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Trading Up 3.0%

Shares of NYSE AMTM traded up $0.92 during trading hours on Monday, hitting $31.40. The company’s stock had a trading volume of 413,129 shares, compared to its average volume of 1,332,741. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 116.63, a P/E/G ratio of 0.89 and a beta of -0.01. The business has a 50-day simple moving average of $26.52 and a 200-day simple moving average of $24.96. Amentum has a 12 month low of $16.01 and a 12 month high of $31.87.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMTM shares. JMP Securities set a $35.00 price objective on Amentum in a research note on Wednesday, November 26th. Citizens Jmp upped their target price on shares of Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Wall Street Zen downgraded Amentum from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 28th. Finally, UBS Group initiated coverage on shares of Amentum in a research report on Wednesday, November 19th. They set a “neutral” rating and a $25.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amentum currently has a consensus rating of “Moderate Buy” and an average price target of $32.42.

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.