Amentum (NYSE:AMTM) Reaches New 12-Month High – Still a Buy?

Amentum Holdings, Inc. (NYSE:AMTM)’s share price reached a new 52-week high on Thursday . The company traded as high as $37.50 and last traded at $37.6930, with a volume of 100559 shares traded. The stock had previously closed at $35.71.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BTIG Research upped their price target on Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Cantor Fitzgerald lifted their target price on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Bank of America boosted their price target on shares of Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 31st. Finally, Citizens Jmp raised 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. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amentum currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Amentum Price Performance

The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 135.83, a PEG ratio of 1.04 and a beta of -0.01. The company’s 50 day moving average is $30.75 and its 200 day moving average is $26.29. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32.

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

Institutional Trading of Amentum

Institutional investors have recently bought and sold shares of the company. Legacy Advisors LLC acquired a new stake in shares of Amentum in the fourth quarter valued at approximately $284,614,000. Invesco Ltd. lifted its stake in Amentum by 13.0% in the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after buying an additional 2,539,594 shares in the last quarter. Norges Bank acquired a new stake in Amentum during the 2nd quarter valued at $51,015,000. Primecap Management Co. CA increased its position in Amentum by 19.6% during the second quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after buying an additional 1,969,067 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Amentum by 52.6% in the second quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after acquiring an additional 1,882,011 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Company Profile

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.