Amentum (NYSE:AMTM) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Amentum (NYSE:AMTM) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Other analysts also recently issued research reports about the company. UBS Group upped their price target on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Zacks Research lowered Amentum from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Weiss Ratings upgraded Amentum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. The Goldman Sachs Group set a $24.00 target price on Amentum in a report on Thursday, August 20th. Finally, BNP Paribas Exane raised Amentum from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $21.00 to $20.00 in a report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Amentum has an average rating of “Hold” and an average price target of $28.91.

Amentum Price Performance

Shares of AMTM opened at $22.41 on Friday. The stock has a market cap of $5.48 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.59 and a beta of 0.31. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. Amentum has a fifty-two week low of $17.72 and a fifty-two week high of $38.11. The firm’s 50-day simple moving average is $19.84 and its two-hundred day simple moving average is $24.51.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Analysts anticipate that Amentum will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of hedge funds have recently bought and sold shares of AMTM. Commonwealth Equity Services LLC boosted its stake in shares of Amentum by 18.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,680 shares of the company’s stock worth $393,000 after buying an additional 3,440 shares during the last quarter. Covestor Ltd grew its holdings in shares of Amentum by 87.4% in the third quarter. Covestor Ltd now owns 6,583 shares of the company’s stock worth $119,000 after acquiring an additional 3,071 shares during the period. Mraz Amerine & Associates Inc. grew its holdings in shares of Amentum by 18.2% in the third quarter. Mraz Amerine & Associates Inc. now owns 106,585 shares of the company’s stock worth $1,931,000 after acquiring an additional 16,385 shares during the period. Lebenthal Global Advisors LLC increased its position in Amentum by 88.7% during the third quarter. Lebenthal Global Advisors LLC now owns 62,269 shares of the company’s stock valued at $1,128,000 after acquiring an additional 29,269 shares during the last quarter. Finally, Cahaba Wealth Management Inc. increased its position in Amentum by 11.8% during the third quarter. Cahaba Wealth Management Inc. now owns 13,498 shares of the company’s stock valued at $245,000 after acquiring an additional 1,422 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.