Amentum (NYSE:AMTM) Now Covered by Analysts at The Goldman Sachs Group

Analysts at The Goldman Sachs Group started coverage on shares of Amentum (NYSE:AMTM) in a note issued to investors on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $21.00 price target on the stock. The Goldman Sachs Group’s target price points to a potential upside of 10.27% from the company’s previous close.

A number of other research firms have also weighed in on AMTM. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Raymond James started coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.20.

Amentum Trading Up 3.1 %

Shares of NYSE AMTM opened at $19.04 on Thursday. Amentum has a 52-week low of $16.95 and a 52-week high of $34.47. The firm has a 50-day moving average of $20.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last posted its quarterly earnings results 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. Equities analysts expect that Amentum will post 2.1 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after buying an additional 14,652,319 shares during the period. Invesco Ltd. increased its stake in Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after buying an additional 6,055,638 shares during the period. State Street Corp purchased a new stake in Amentum during the 3rd quarter worth approximately $236,306,000. Finally, Primecap Management Co. CA increased its stake in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after buying an additional 1,143,097 shares during the period. 39.93% of the stock is owned by hedge funds and other 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.