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

Amentum Holdings, Inc. (NYSE:AMTM) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.82 and last traded at $18.12, with a volume of 89661 shares trading hands. The stock had previously closed at $18.44.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James assumed coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th.

Amentum Price Performance

The stock has a 50-day moving average price of $21.25. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last posted its earnings results 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. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity

In related news, Director Barbara Loughran acquired 4,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the purchase, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Demetriou acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amentum

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new position in Amentum in the third quarter worth $433,000. Louisiana State Employees Retirement System bought a new stake in Amentum during the 3rd quarter worth about $226,000. State of Alaska Department of Revenue acquired a new stake in Amentum in the 3rd quarter valued at about $701,000. Nisa Investment Advisors LLC bought a new position in shares of Amentum in the third quarter worth about $1,154,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Amentum in the third quarter valued at approximately $3,745,000. 39.93% of the stock is currently 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.