Royal Bank of Canada assumed coverage on shares of Amentum (NYSE:AMTM – Free Report) in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage issued a sector perform rating and a $24.00 price target on the stock.
A number of other analysts have also recently issued reports on the company. Truist Financial initiated coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price objective for the company. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company.
View Our Latest Report on AMTM
Amentum Stock Up 5.2 %
Hedge Funds Weigh In On Amentum
Several hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum during the 3rd quarter worth about $790,000. Wharton Business Group LLC bought a new stake in Amentum during the third quarter worth approximately $2,106,000. Peak Asset Management LLC bought a new position in shares of Amentum in the third quarter valued at approximately $774,000. Tower Bridge Advisors bought a new position in shares of Amentum in the third quarter valued at approximately $4,053,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Amentum in the third quarter worth $1,062,000. 39.93% of the stock is 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.
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