Amentum (NYSE:AMTM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a buy rating in a report published on Sunday,Wall Street Zen reports.

A number of other research analysts have also commented on AMTM. Weiss Ratings lowered Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Bank of America reduced their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Zacks Research lowered shares of Amentum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. BNP Paribas Exane started coverage on shares of Amentum in a research note on Tuesday, May 26th. They set an “underperform” rating and a $22.00 target price on the stock. Finally, UBS Group raised their target price on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Amentum presently has an average rating of “Hold” and a consensus target price of $29.18.

Amentum Stock Performance

Shares of NYSE AMTM opened at $19.74 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $21.18 and a 200-day simple moving average of $23.33. The company has a market cap of $4.83 billion, a PE ratio of 23.79, a P/E/G ratio of 0.58 and a beta of 0.26. Amentum has a 12-month low of $19.21 and a 12-month high of $38.11.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the firm earned $0.56 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities research analysts forecast that Amentum will post 2.38 EPS for the current year.

Institutional Trading of Amentum

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Amentum in the second quarter worth about $370,137,000. Primecap Management Co. CA acquired a new stake in shares of Amentum during the second quarter valued at approximately $253,941,000. Dimensional Fund Advisors LP raised its holdings in shares of Amentum by 106.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after acquiring an additional 1,954,494 shares during the period. Troluce Capital Advisors LLC lifted its position in shares of Amentum by 256.5% in the 2nd quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock valued at $73,697,000 after acquiring an additional 2,565,399 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Amentum by 8,467.6% in the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after acquiring an additional 2,761,801 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Company Profile

Amentum (NYSE: AMTM) is a global engineering and technical services company that provides mission support to government and commercial customers. Its capabilities include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, intelligence analysis, and professional services.

The company supports customers across the defense, intelligence, space, civilian government, energy, environmental, and industrial markets. Its work includes maintaining and modernizing critical infrastructure and complex platforms, supporting national security missions, managing nuclear and environmental programs, and providing technical services for space and other advanced technology programs.

Amentum was established through the combination of Amentum and Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, which was completed in 2024.