2,051 Shares in Amentum Holdings, Inc. $AMTM Purchased by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,051 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Securities LLC bought a new position in shares of Amentum in the first quarter worth about $798,869,000. Primecap Management Co. CA lifted its holdings in shares of Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after acquiring an additional 3,647,210 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company’s stock worth $312,878,000 after acquiring an additional 3,334,871 shares during the last quarter. Voss Capital LP lifted its holdings in shares of Amentum by 393.7% in the first quarter. Voss Capital LP now owns 2,220,709 shares of the company’s stock worth $40,417,000 after acquiring an additional 1,770,891 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Amentum by 68.1% in the first quarter. Millennium Management LLC now owns 2,011,792 shares of the company’s stock worth $36,615,000 after acquiring an additional 815,218 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMTM shares. Cantor Fitzgerald raised shares of Amentum from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $35.00 in a report on Thursday, September 25th. Morgan Stanley boosted their price objective on Amentum from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, September 18th. JPMorgan Chase & Co. began coverage on Amentum in a research report on Thursday, October 9th. They set a “neutral” rating and a $30.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Truist Financial raised their price objective on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.55.

Amentum Stock Up 1.3%

Shares of NYSE AMTM opened at $23.69 on Tuesday. The company has a 50 day simple moving average of $24.34 and a 200 day simple moving average of $22.66. The firm has a market cap of $5.76 billion and a PE ratio of 60.75. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The business’s quarterly revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.