Jupiter Topco LLC Takes $1.43 Million Position in Amentum Holdings, Inc. $AMTM

Jupiter Topco LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 69,400 shares of the company’s stock, valued at approximately $1,433,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in Amentum in the 2nd quarter valued at $460,000. Ancora Advisors LLC acquired a new stake in shares of Amentum in the second quarter valued at $14,793,000. Primecap Management Co. CA bought a new position in shares of Amentum in the second quarter valued at about $253,941,000. Legal & General Group Plc bought a new position in shares of Amentum in the second quarter valued at about $7,215,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Amentum during the 2nd quarter worth about $1,118,000. 39.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on AMTM shares. UBS Group increased their price target on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Truist Financial reissued a “buy” rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Bank of America reduced their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, Zacks Research cut Amentum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Amentum presently has a consensus rating of “Hold” and a consensus target price of $29.18.

Amentum Price Performance

AMTM stock opened at $20.11 on Friday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 0.58 and a beta of 0.26. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11. The firm has a 50 day moving average of $21.44 and a 200-day moving average of $24.28. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.