BTIG Research Reaffirms Buy Rating for Amentum (NYSE:AMTM)

Amentum (NYSE:AMTM)‘s stock had its “buy” rating reiterated by equities researchers at BTIG Research in a research note issued to investors on Thursday,Benzinga reports. They presently have a $35.00 price objective on the stock. BTIG Research’s price target indicates a potential upside of 51.06% from the stock’s current price.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. UBS Group lifted their target price on shares of Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Citizens Jmp reiterated a “market outperform” rating and set a $40.00 target price on shares of Amentum in a report on Monday, April 13th. Royal Bank Of Canada lowered their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Truist Financial reiterated a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.18.

Amentum Stock Performance

Amentum stock opened at $23.17 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $26.93 and a 200-day moving average of $28.58. The firm has a market cap of $5.65 billion, a P/E ratio of 38.62, a P/E/G ratio of 0.71 and a beta of 0.43. Amentum has a 1-year low of $19.11 and a 1-year high of $38.11.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts expect that Amentum will post 2.34 EPS for the current year.

Hedge Funds Weigh In On Amentum

A number of hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in Amentum by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after acquiring an additional 425 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Amentum by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock valued at $867,000 after acquiring an additional 462 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Amentum by 35.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after acquiring an additional 481 shares during the period. BCS Private Wealth Management Inc. grew its position in shares of Amentum by 5.0% during the 4th quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after acquiring an additional 575 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Amentum by 1.7% during the 4th 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. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

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.