Amentum (NYSE:AMTM) Reaches New 1-Year High – Still a Buy?

Amentum Holdings, Inc. (NYSE:AMTM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $35.00 and last traded at $34.6130, with a volume of 185523 shares traded. The stock had previously closed at $34.80.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of analyst reports. JMP Securities set a $35.00 price target on Amentum in a report on Wednesday, November 26th. Cantor Fitzgerald raised their price target on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Morgan Stanley raised shares of Amentum from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $20.00 to $35.00 in a research note on Wednesday, November 26th. Citizens Jmp upped their price objective on shares of Amentum from $35.00 to $40.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Finally, BTIG Research lifted their target price on Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Amentum has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Amentum Stock Performance

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 50 day moving average of $29.74 and a 200 day moving average of $25.96. The stock has a market capitalization of $8.67 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.02 and a beta of -0.01.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.57% and a net margin of 0.46%.Amentum’s revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Amentum

Several hedge funds have recently modified their holdings of AMTM. Financial Consulate Inc. acquired a new stake in shares of Amentum during the 4th quarter valued at $38,000. Oak Thistle LLC bought a new stake in Amentum in the fourth quarter worth approximately $956,000. FRG Family Wealth Advisors LLC acquired a new position in Amentum during the fourth quarter worth $228,000. Steadtrust LLC bought a new stake in shares of Amentum during the 4th quarter worth about $1,462,000. Finally, Delphi Management Inc. MA bought a new stake in Amentum during the fourth quarter worth approximately $1,424,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

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.