Amentum (NYSE:AMTM) Trading Up 8.3% – Still a Buy?

Amentum Holdings, Inc. (NYSE:AMTM) shares traded up 8.3% on Friday . The company traded as high as $19.79 and last traded at $19.85. 1,550,294 shares were traded during mid-day trading, a decline of 42% from the average session volume of 2,694,491 shares. The stock had previously closed at $18.33.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMTM shares. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th.

Amentum Stock Up 8.5 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The business’s 50 day moving average price is $21.17.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrow Financial Corp acquired a new position in shares of Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE acquired a new position in Amentum during the third quarter valued at approximately $30,000. Huntington National Bank purchased a new stake in Amentum during the fourth quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of Amentum in the third quarter worth $32,000. Finally, Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.