Amentum (NYSE:AMTM) Earns Outperform Rating from Analysts at Raymond James

Raymond James initiated coverage on shares of Amentum (NYSE:AMTM) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $30.00 target price on the stock.

Separately, Truist Financial began coverage on shares of Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 target price for the company.

Amentum Stock Performance

Shares of NYSE AMTM opened at $25.19 on Thursday. Amentum has a 1-year low of $21.24 and a 1-year high of $34.50.

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $32,000. TCW Group Inc. bought a new position in shares of Amentum during the 3rd quarter valued at approximately $502,000. TD Private Client Wealth LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $180,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Amentum during the 3rd quarter valued at approximately $6,840,000. Finally, Toronto Dominion Bank bought a new position in shares of Amentum during the 3rd quarter valued at approximately $1,513,000.

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.