Amentum (NYSE:AMTM) Shares Gap Down – Here’s Why

Amentum Holdings, Inc. (NYSE:AMTM)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $24.44, but opened at $23.20. Amentum shares last traded at $22.7220, with a volume of 483,004 shares traded.

Key Stories Impacting Amentum

Here are the key news stories impacting Amentum this week:

• Positive Sentiment: BTIG Research maintained a “buy” rating while lowering its price target from $35 to $30, implying approximately 33% upside from the referenced $22.53 level. The target cut reflects more cautious valuation assumptions, but the continued buy rating signals confidence in Amentum’s longer-term prospects. BTIG price target article
• Positive Sentiment: Amentum’s teaming efforts to accelerate nuclear-reactor approvals could strengthen its positioning in the expanding nuclear-energy and government-services markets, potentially creating future contract opportunities. Amentum nuclear reactor approval article
• Positive Sentiment: Recent analyst commentary remains broadly constructive, identifying Amentum among North American stocks viewed favorably by analysts. Analyst bullish stocks article
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $28 to $26 and assigned a “sector perform” rating. The revised target still implies about 15% upside, but the downgrade indicates more limited near-term expectations. RBC price target article
• Negative Sentiment: The latest quarterly results beat EPS estimates—$0.67 versus $0.61—but revenue of $3.49 billion fell short of the $3.57 billion consensus and declined 2% year over year. The revenue miss, thin 1.44% net margin and reports of a sharp prior-session selloff are the main factors weighing on AMTM. Amentum revenue miss article

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMTM. Royal Bank Of Canada lowered their price target on Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Bank of America cut their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. BTIG Research lowered their target price on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, UBS Group upped their price target on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.18.

Amentum Price Performance

The stock has a market cap of $5.50 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.30. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $21.85 and its 200-day simple moving average is $25.91.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.27%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the company posted $0.56 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Amentum during the second quarter valued at approximately $370,137,000. Legacy Advisors LLC acquired a new position in shares of Amentum in the 4th quarter worth approximately $284,614,000. Focus Partners Wealth raised its holdings in shares of Amentum by 8,467.6% in the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after buying an additional 2,761,801 shares in the last quarter. Invesco Ltd. lifted its position in shares of Amentum by 13.0% during the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after buying an additional 2,539,594 shares during the period. Finally, Norges Bank bought a new position in shares of Amentum during the 4th quarter worth approximately $66,529,000. 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.