Amentum (NYSE:AMTM) Reaches New 52-Week Low – Here’s Why

by · The Markets Daily

Amentum Holdings, Inc. (NYSE:AMTM – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $19.73 and last traded at $19.7950, with a volume of 242028 shares. The stock had previously closed at $20.06.

Analysts Set New Price Targets

AMTM has been the subject of several recent research reports. BNP Paribas Exane assumed coverage on Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price target for the company. UBS Group upped their target price on Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Royal Bank Of Canada cut their target price on Amentum from $28.00 to $26.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings lowered Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.18.

Get Our Latest Stock Analysis on Amentum

Amentum Stock Down 0.6%

The company has a market capitalization of $4.87 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 0.58 and a beta of 0.26. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $21.44 and a two-hundred day moving average of $24.16.

Amentum (NYSE:AMTM – Get Free Report) last announced its quarterly 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. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts predict that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently made changes to their positions in the stock. IFM Investors Pty Ltd acquired a new position in shares of Amentum in the 1st quarter worth approximately $411,000. Cetera Investment Advisers acquired a new stake in Amentum in the 2nd quarter valued at approximately $335,000. JPMorgan Chase & Co. raised its position in Amentum by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock valued at $2,156,000 after purchasing an additional 3,608 shares during the period. M&T Bank Corp purchased a new stake in Amentum in the second quarter valued at approximately $241,000. Finally, Gabelli Funds LLC purchased a new stake in Amentum in the second quarter valued at approximately $592,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

About Amentum

(Get Free Report)

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.

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