Amentum (NYSE:AMTM) Sets New 12-Month Low – What’s Next?

Amentum Holdings, Inc. (NYSE:AMTM)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $19.80 and last traded at $19.9290, with a volume of 113712 shares changing hands. The stock had previously closed at $19.99.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMTM. BNP Paribas Exane initiated coverage on shares of Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price target on the stock. Truist Financial restated a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. The Goldman Sachs Group set a $24.00 price target on shares of Amentum in a report on Thursday, August 20th. Zacks Research lowered shares of Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada reduced their target price on Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.18.

Amentum Trading Up 0.9%

The company has a 50-day moving average price of $21.47 and a 200 day moving average price of $24.52. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 0.59 and a beta of 0.30. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79.

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

Institutional Trading of Amentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its stake in Amentum by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock worth $867,000 after purchasing an additional 462 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Amentum by 35.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after purchasing an additional 481 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Amentum by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after acquiring an additional 600 shares during the period. HighTower Advisors LLC increased its stake in Amentum by 4.6% during the 4th quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after purchasing an additional 638 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in Amentum by 58.3% in the 4th quarter. HM Payson & Co. now owns 1,941 shares of the company’s stock worth $56,000 after purchasing an additional 715 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

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.