Amentum (NYSE:AMTM) Sets New 12-Month Low – Time to Sell?

Amentum Holdings, Inc. (NYSE:AMTM) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.47 and last traded at $20.55, with a volume of 2048552 shares trading hands. The stock had previously closed at $21.51.

Analyst Upgrades and Downgrades

AMTM has been the subject of several analyst reports. Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Truist Financial started coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 target price for the company.

Amentum Stock Down 5.5 %

The business has a fifty day moving average price of $26.87.

Institutional Investors Weigh In On Amentum

Hedge funds have recently bought and sold shares of the company. Dover Advisors LLC acquired a new stake in Amentum during the 3rd quarter worth approximately $219,000. McKinley Carter Wealth Services Inc. bought a new stake in Amentum in the 3rd quarter valued at $1,764,000. Heritage Family Offices LLP acquired a new position in Amentum in the 3rd quarter worth $308,000. ZWJ Investment Counsel Inc. bought a new position in Amentum during the 3rd quarter worth about $2,256,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at about $804,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.