Amentum (NYSE:AMTM) Shares Gap Up – Still a Buy?

Amentum Holdings, Inc. (NYSE:AMTM) gapped up before the market opened on Tuesday . The stock had previously closed at $23.94, but opened at $25.52. Amentum shares last traded at $24.36, with a volume of 453,839 shares trading hands.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings cut shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. UBS Group upped their price target on shares of Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research report on Monday, April 13th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.91.

Amentum Trading Up 2.3%

The stock has a fifty day moving average of $27.19 and a 200-day moving average of $28.57. The company has a market cap of $5.98 billion, a PE ratio of 61.24, a PEG ratio of 0.72 and a beta of 0.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.42 and a current ratio of 1.42.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.34 EPS for the current fiscal year.

Institutional Trading of Amentum

A number of large investors have recently modified their holdings of the company. IFM Investors Pty Ltd bought a new position in Amentum in the first quarter worth approximately $411,000. Cetera Investment Advisers bought a new stake in Amentum during the 2nd quarter valued at $335,000. JPMorgan Chase & Co. lifted its holdings in shares of Amentum by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after buying an additional 3,608 shares during the period. M&T Bank Corp purchased a new stake in shares of Amentum in the 2nd quarter worth $241,000. Finally, Gabelli Funds LLC bought a new position in shares of Amentum during the 2nd quarter worth $592,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

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.