Amentum (NYSE:AMTM) Reaches New 12-Month High – Should You Buy?

Amentum Holdings, Inc. (NYSE:AMTM) shares reached a new 52-week high on Thursday . The stock traded as high as $37.50 and last traded at $37.6930, with a volume of 100559 shares. The stock had previously closed at $35.71.

Analyst Ratings Changes

AMTM has been the topic of a number of research analyst reports. BTIG Research upped their price target on shares of Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Morgan Stanley upgraded Amentum from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $20.00 to $35.00 in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Wall Street Zen upgraded Amentum from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, UBS Group increased their price target on Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Amentum Price Performance

The business has a 50-day moving average of $31.23 and a 200 day moving average of $26.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $8.72 billion, a P/E ratio of 132.52, a price-to-earnings-growth ratio of 1.09 and a beta of -0.01.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The company’s revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMTM. New York State Teachers Retirement System increased its position in shares of Amentum by 17.8% during the fourth quarter. New York State Teachers Retirement System now owns 166,057 shares of the company’s stock worth $4,816,000 after acquiring an additional 25,139 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Amentum by 12.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 98,984 shares of the company’s stock valued at $2,871,000 after purchasing an additional 11,342 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in Amentum in the 4th quarter valued at $213,000. Keybank National Association OH bought a new position in Amentum during the 4th quarter valued at $223,000. Finally, M&T Bank Corp boosted its holdings in Amentum by 18.0% during the 4th quarter. M&T Bank Corp now owns 10,067 shares of the company’s stock worth $292,000 after acquiring an additional 1,536 shares during the last quarter. 39.93% of the stock is owned by 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.