Brown Brothers Harriman & Co. Invests $58,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Brown Brothers Harriman & Co. acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,808 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds have also added to or reduced their stakes in the business. Arrow Financial Corp bought a new position in Amentum in the third quarter valued at approximately $26,000. US Bancorp DE bought a new stake in Amentum in the 3rd quarter valued at $30,000. Signaturefd LLC acquired a new position in Amentum in the 3rd quarter worth $33,000. HM Payson & Co. bought a new position in Amentum during the 3rd quarter worth about $38,000. Finally, Studio Investment Management LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at about $42,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMTM shares. Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company. Truist Financial started coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company.

Amentum Stock Performance

Shares of NYSE:AMTM opened at $23.90 on Friday. Amentum Holdings, Inc. has a one year low of $21.24 and a one year high of $34.50.

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.