Amentum (NYSE:AMTM) Coverage Initiated by Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group started coverage on shares of Amentum (NYSE:AMTM) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $21.00 price target on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 14.60% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.20.

Amentum Stock Up 0.0 %

AMTM opened at $18.33 on Thursday. Amentum has a 1-year low of $16.95 and a 1-year high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average of $20.44.

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

Insiders Place Their Bets

In related news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares in the company, valued at approximately $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 currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Amentum during the 3rd quarter valued at approximately $790,000. JPMorgan Chase & Co. purchased a new stake in shares of Amentum during the 3rd quarter valued at approximately $8,739,000. Foundations Investment Advisors LLC purchased a new stake in shares of Amentum during the 4th quarter valued at approximately $409,000. A. D. Beadell Investment Counsel Inc. lifted its stake in shares of Amentum by 177.0% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company’s stock valued at $907,000 after buying an additional 27,575 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Amentum during the 3rd quarter valued at approximately $6,840,000. 39.93% of the stock is owned by institutional investors.

Amentum Company Profile

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.