Amentum (NYSE:AMTM) Trading Up 4% – Should You Buy?

Amentum Holdings, Inc. (NYSE:AMTM)’s stock price rose 4% on Friday . The company traded as high as $23.18 and last traded at $22.8950. 175,612 shares were traded during mid-day trading, a decline of 91% from the average session volume of 2,023,642 shares. The stock had previously closed at $22.01.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMTM. Weiss Ratings cut shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada cut their price objective on Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th. BNP Paribas Exane started coverage on shares of Amentum in a research report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price for the company. Citizens Jmp reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Amentum in a report on Monday, April 13th. Finally, Truist Financial restated a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.00.

Amentum Trading Up 3.9%

The company has a 50 day moving average of $21.88 and a 200-day moving average of $26.95. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 0.63 and a beta of 0.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48.

Amentum (NYSE:AMTM) last released its earnings results 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 company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.Amentum’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts anticipate that Amentum Holdings, Inc. will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On Amentum

Several large investors have recently added to or reduced their stakes in AMTM. Wedge Capital Management L L P NC increased its stake in Amentum by 14.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 187,832 shares of the company’s stock worth $3,882,000 after buying an additional 23,166 shares during the period. Hudson Value Partners LLC boosted its position in Amentum by 22.7% in the 2nd quarter. Hudson Value Partners LLC now owns 250,185 shares of the company’s stock valued at $5,171,000 after buying an additional 46,275 shares during the period. Empowered Funds LLC acquired a new position in shares of Amentum in the first quarter worth $206,000. Pine Valley Investments Ltd Liability Co grew its stake in shares of Amentum by 4.5% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 79,275 shares of the company’s stock worth $2,067,000 after acquiring an additional 3,381 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Amentum during the first quarter worth $219,000. 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.