BTIG Research Cuts Amentum (NYSE:AMTM) Price Target to $30.00

Amentum (NYSE:AMTM) had its price objective trimmed by BTIG Research from $35.00 to $30.00 in a report released on Wednesday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on AMTM. Zacks Research upgraded Amentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price objective on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Royal Bank Of Canada reduced their price objective on Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings cut Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley set a $24.00 target price on Amentum in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.18.

Amentum Trading Down 0.8%

Shares of Amentum stock opened at $21.49 on Wednesday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 0.63 and a beta of 0.30. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum has a 12-month low of $19.80 and a 12-month high of $38.11. The firm’s 50-day moving average price is $21.79 and its two-hundred day moving average price is $25.78.

Amentum (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm earned $0.56 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, analysts forecast that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System boosted its holdings 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 in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Amentum by 35.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $54,000 after purchasing an additional 481 shares in the last quarter. BCS Private Wealth Management Inc. raised its position in Amentum by 5.0% in the fourth quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after purchasing an additional 575 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Amentum by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after purchasing an additional 600 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Amentum by 4.6% during the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock valued at $425,000 after purchasing an additional 638 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.