Amentum Holdings, Inc. $AMTM Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 48.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,878 shares of the company’s stock after selling 24,811 shares during the period. State of Alaska Department of Revenue’s holdings in Amentum were worth $468,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMTM. BlackRock Inc. bought a new stake in shares of Amentum during the 2nd quarter valued at $370,137,000. Bank of America Corp DE increased its stake in shares of Amentum by 107.8% in the 1st quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after purchasing an additional 1,247,614 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Amentum in the 2nd quarter worth $18,150,000. Bryn Mawr Trust Advisors LLC bought a new position in Amentum in the 2nd quarter worth $2,924,000. Finally, Troluce Capital Advisors LLC bought a new position in Amentum in the 1st quarter worth $26,080,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Up 2.0%

Shares of AMTM stock opened at $21.73 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 0.59 and a beta of 0.31. Amentum Holdings, Inc. has a one year low of $17.72 and a one year high of $38.11. The company’s fifty day moving average price is $19.69 and its 200-day moving average price is $22.02. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52.

Amentum (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the company earned $0.56 EPS. Amentum’s revenue for the quarter was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMTM. Wall Street Zen upgraded Amentum from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Weiss Ratings cut Amentum from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 14th. BNP Paribas Exane raised Amentum from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $20.00 in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Finally, The Goldman Sachs Group set a $24.00 price objective on Amentum in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

Amentum Profile

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.