The Goldman Sachs Group Initiates Coverage on Amentum (NYSE:AMTM)

The Goldman Sachs Group started coverage on shares of Amentum (NYSE:AMTM) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage issued a neutral rating and a $21.00 target price on the stock.

Several other brokerages have also recently issued reports on AMTM. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Amentum currently has an average rating of “Hold” and an average target price of $26.20.

Amentum Price Performance

Amentum stock opened at $18.39 on Thursday. 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 firm’s 50-day moving average is $20.53. Amentum has a 52 week low of $16.95 and a 52 week high of $34.47.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities research analysts forecast that Amentum will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Amentum

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

Institutional Trading of Amentum

A number of institutional investors have recently added to or reduced their stakes in AMTM. Kovitz Investment Group Partners LLC lifted its stake in Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock valued at $310,978,000 after acquiring an additional 14,652,319 shares during the last quarter. State Street Corp acquired a new stake in Amentum in the third quarter valued at approximately $236,306,000. Invesco Ltd. lifted its stake in Amentum by 77.6% in the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock valued at $291,397,000 after acquiring an additional 6,055,638 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Amentum in the third quarter valued at approximately $169,999,000. Finally, Cooper Creek Partners Management LLC lifted its stake in Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock valued at $87,422,000 after acquiring an additional 3,319,364 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.