Amentum Holdings, Inc. (NYSE:AMTM – Get Free Report)’s share price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $20.50, but opened at $21.80. Amentum shares last traded at $21.71, with a volume of 196,609 shares changing hands.
The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06.
Analysts Set New Price Targets
AMTM has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday. Truist Financial initiated coverage on shares of Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Raymond James started coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.
Institutional Trading of Amentum
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum in the 3rd quarter valued at about $790,000. Wharton Business Group LLC bought a new stake in shares of Amentum in the 3rd quarter valued at about $2,106,000. JPMorgan Chase & Co. bought a new stake in shares of Amentum in the 3rd quarter valued at about $8,739,000. Peak Asset Management LLC acquired a new stake in Amentum during the 3rd quarter worth approximately $774,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Amentum during the 4th quarter worth approximately $409,000. 39.93% of the stock is owned by institutional investors.
Amentum Stock Performance
The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average of $22.04.
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.
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