Millennium Management LLC Buys 815,218 Shares of Amentum Holdings, Inc. $AMTM

Millennium Management LLC raised its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 68.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,011,792 shares of the company’s stock after acquiring an additional 815,218 shares during the period. Millennium Management LLC owned approximately 0.83% of Amentum worth $36,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Amentum during the 1st quarter worth $30,000. Signaturefd LLC lifted its position in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after purchasing an additional 916 shares during the period. FNY Investment Advisers LLC grew its stake in Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock worth $43,000 after buying an additional 1,900 shares in the last quarter. GAMMA Investing LLC increased its holdings in Amentum by 78.8% in the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after buying an additional 1,383 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Amentum by 382.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company’s stock valued at $58,000 after buying an additional 2,178 shares during the period. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

Shares of Amentum stock opened at $23.74 on Wednesday. The company’s 50 day moving average price is $24.80 and its two-hundred day moving average price is $21.82. The firm has a market capitalization of $5.78 billion and a P/E ratio of 60.87. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. The firm’s revenue for the quarter 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, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Bank of America upped their target price on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group lifted their price target on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada boosted their price target on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.30.

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.