Amentum (NYSE:AMTM) Reaches New 1-Year Low – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $17.41 and last traded at $17.73, with a volume of 563569 shares. The stock had previously closed at $18.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th.

Amentum Trading Down 2.7 %

The company’s fifty day moving average is $20.95. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

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

Hedge Funds Weigh In On Amentum

Several hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Amentum in the 3rd quarter worth about $790,000. Wharton Business Group LLC bought a new position in Amentum in the 3rd quarter worth about $2,106,000. JPMorgan Chase & Co. bought a new position in Amentum in the 3rd quarter worth about $8,739,000. Peak Asset Management LLC bought a new position in Amentum in the 3rd quarter worth about $774,000. Finally, Foundations Investment Advisors LLC bought a new position in Amentum in the 4th quarter worth about $409,000. 39.93% of the stock is currently owned by institutional investors.

About Amentum

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.