Amentum (NYSE:AMTM) Shares Gap Down – What’s Next?

Shares of Amentum Holdings, Inc. (NYSE:AMTM) gapped down prior to trading on Tuesday . The stock had previously closed at $24.44, but opened at $23.20. Amentum shares last traded at $22.7220, with a volume of 483,004 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial reaffirmed a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Wall Street Zen downgraded Amentum from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research upgraded Amentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Bank of America cut their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, BTIG Research reissued a “buy” rating and set a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Amentum has an average rating of “Hold” and an average price target of $32.00.

Amentum Stock Performance

The stock has a market capitalization of $5.64 billion, a PE ratio of 38.70, a P/E/G ratio of 0.72 and a beta of 0.30. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The firm’s 50 day moving average is $21.88 and its two-hundred day moving average is $26.08.

Amentum (NYSE:AMTM) last issued its quarterly 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 net margin of 1.04% and a return on equity of 11.74%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company posted $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. As a group, research analysts predict that Amentum Holdings, Inc. will post 2.36 earnings per share for the current year.

Institutional Trading of Amentum

A number of hedge funds have recently added to or reduced their stakes in AMTM. IFM Investors Pty Ltd purchased a new position in shares of Amentum in the 1st quarter valued at approximately $411,000. Cetera Investment Advisers purchased a new stake in shares of Amentum during the second quarter worth approximately $335,000. JPMorgan Chase & Co. lifted its holdings in shares of Amentum by 4.1% during the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after purchasing an additional 3,608 shares during the period. M&T Bank Corp purchased a new position in Amentum in the 2nd quarter valued at $241,000. Finally, Gabelli Funds LLC purchased a new position in Amentum in the 2nd quarter valued at $592,000. 39.93% of the stock is 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.