Amentum (NYSE:AMTM) Trading 4.2% Higher – Here’s What Happened

Amentum Holdings, Inc. (NYSE:AMTM)’s stock price was up 4.2% during trading on Friday . The company traded as high as $21.35 and last traded at $20.86. Approximately 1,357,824 shares were traded during trading, a decline of 39% from the average daily volume of 2,239,679 shares. The stock had previously closed at $20.01.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMTM. Royal Bank of Canada began coverage on shares of Amentum in a research report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 price objective for the company. Truist Financial started coverage on Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company.

Amentum Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50 day moving average of $22.31.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, December 16th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. On average, analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Amentum

Large investors have recently bought and sold shares of the company. Dover Advisors LLC bought a new stake in Amentum in the 3rd quarter valued at $219,000. McKinley Carter Wealth Services Inc. bought a new stake in Amentum in the 3rd quarter valued at approximately $1,764,000. Heritage Family Offices LLP acquired a new position in Amentum during the 3rd quarter worth approximately $308,000. ZWJ Investment Counsel Inc. bought a new position in shares of Amentum during the 3rd quarter worth approximately $2,256,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Amentum in the third quarter valued at approximately $804,000. Institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

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.