Amentum (NYSE:AMTM) Shares Gap Down – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $19.99, but opened at $18.60. Amentum shares last traded at $18.81, with a volume of 305,609 shares traded.

Analyst Ratings Changes

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

Amentum Trading Down 8.1 %

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $21.08.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Amentum during the 3rd quarter valued at about $790,000. Wharton Business Group LLC purchased a new position in Amentum during the third quarter valued at approximately $2,106,000. JPMorgan Chase & Co. acquired a new position in Amentum in the 3rd quarter valued at approximately $8,739,000. Peak Asset Management LLC purchased a new stake in Amentum in the 3rd quarter worth approximately $774,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Amentum during the 4th quarter valued at $409,000. 39.93% of the stock is owned by institutional investors and hedge funds.

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.