Granite Investment Partners LLC Sells 2,538 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Granite Investment Partners LLC decreased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 6.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 38,333 shares of the company’s stock after selling 2,538 shares during the period. Granite Investment Partners LLC’s holdings in Amentum were worth $806,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank purchased a new stake in Amentum during the fourth quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum in the 3rd quarter valued at about $32,000. IFP Advisors Inc boosted its holdings in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares during the period. Asset Planning Inc bought a new position in Amentum during the 4th quarter worth approximately $36,000. Finally, Horizon Investments LLC purchased a new position in Amentum in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Insiders Place Their Bets

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMTM has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.20.

Amentum Price Performance

AMTM opened at $18.12 on Monday. The company’s 50 day simple moving average is $19.11. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum Profile

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.