BTIG Research Reiterates Buy Rating for Amentum (NYSE:AMTM)

Amentum (NYSE:AMTM)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $35.00 price objective on the stock. BTIG Research’s price target would indicate a potential upside of 52.12% from the stock’s previous close.

Several other analysts have also weighed in on AMTM. Citizens Jmp reissued a “market outperform” rating and issued a $40.00 price objective on shares of Amentum in a report on Monday, April 13th. Wall Street Zen lowered Amentum from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Royal Bank Of Canada lowered their price objective on Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday. Truist Financial reissued a “buy” rating and issued a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday. Finally, Morgan Stanley started coverage on Amentum in a report on Wednesday. They issued an “equal weight” rating and a $30.00 price objective for the company. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.18.

Amentum Stock Down 1.0%

Shares of NYSE AMTM opened at $23.01 on Thursday. Amentum has a 1 year low of $19.11 and a 1 year high of $38.11. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 0.68 and a beta of 0.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.42 and a current ratio of 1.48. The stock’s 50-day simple moving average is $26.62 and its 200-day simple moving average is $28.55.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.Amentum’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts anticipate that Amentum will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Troluce Capital Advisors LLC acquired a new position in shares of Amentum during the first quarter worth approximately $26,080,000. Entropy Technologies LP acquired a new position in shares of Amentum during the first quarter worth approximately $701,000. Gabelli Funds LLC boosted its position in shares of Amentum by 226.3% during the first quarter. Gabelli Funds LLC now owns 69,783 shares of the company’s stock worth $1,820,000 after buying an additional 48,395 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Amentum by 3.8% during the first quarter. Gamco Investors INC. ET AL now owns 95,331 shares of the company’s stock worth $2,486,000 after buying an additional 3,470 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Amentum by 35.8% during the first quarter. Sei Investments Co. now owns 294,668 shares of the company’s stock worth $7,685,000 after buying an additional 77,624 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.