Amentum (NYSE:AMTM) Now Covered by Morgan Stanley

Morgan Stanley assumed coverage on shares of Amentum (NYSE:AMTM) in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage issued an underweight rating and a $19.00 price target on the stock.

Several other brokerages have also recently commented on AMTM. BTIG Research initiated coverage on shares of Amentum in a research report on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial dropped their price target on Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.71.

Amentum Stock Down 0.3 %

Shares of Amentum stock opened at $18.71 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The business’s fifty day simple moving average is $18.88. Amentum has a 12 month low of $16.01 and a 12 month high of $34.47.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, research analysts anticipate that Amentum will post 2.1 earnings per share for the current year.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Amentum

A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp acquired a new position in shares of Amentum during the third quarter valued at about $2,107,000. Jane Street Group LLC acquired a new position in Amentum during the 3rd quarter valued at about $1,843,000. XTX Topco Ltd bought a new stake in Amentum during the 3rd quarter worth approximately $238,000. Orion Portfolio Solutions LLC bought a new position in shares of Amentum in the third quarter valued at approximately $352,000. Finally, MML Investors Services LLC purchased a new position in shares of Amentum during the third quarter valued at approximately $449,000. 39.93% of the stock is currently owned by institutional investors.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.