Amentum (NYSE:AMTM) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Amentum (NYSE:AMTM) in a research report released on Friday, Marketbeat reports. The firm issued a sector perform rating and a $24.00 price target on the stock.

AMTM has been the topic of several other reports. Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock. Truist Financial began coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock.

Amentum Stock Performance

AMTM opened at $22.60 on Friday. Amentum has a 12-month low of $18.38 and a 12-month high of $34.50. The stock’s fifty day moving average price is $23.97.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMTM. Wilmington Savings Fund Society FSB acquired a new position in shares of Amentum during the third quarter worth $790,000. Wharton Business Group LLC purchased a new position in Amentum during the 3rd quarter worth $2,106,000. Peak Asset Management LLC acquired a new position in Amentum during the 3rd quarter valued at about $774,000. Tower Bridge Advisors purchased a new stake in Amentum in the third quarter valued at about $4,053,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Amentum in the third quarter worth about $1,062,000. Institutional investors own 39.93% of the company’s stock.

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.