Thrivent Financial for Lutherans Has $60 Million Stake in Amentum Holdings, Inc. $AMTM

Thrivent Financial for Lutherans lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 14.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,069,104 shares of the company’s stock after buying an additional 263,693 shares during the period. Thrivent Financial for Lutherans’ holdings in Amentum were worth $60,004,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMTM. IFM Investors Pty Ltd acquired a new position in shares of Amentum during the first quarter worth approximately $411,000. Cetera Investment Advisers acquired a new position in shares of Amentum during the second quarter worth approximately $335,000. JPMorgan Chase & Co. lifted its position in shares of Amentum by 4.1% during the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after purchasing an additional 3,608 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Amentum during the second quarter worth approximately $241,000. Finally, Gabelli Funds LLC acquired a new position in shares of Amentum during the second quarter worth approximately $592,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Truist Financial reiterated a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research report on Tuesday. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday. They set an “equal weight” rating and a $30.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Amentum currently has an average rating of “Hold” and a consensus target price of $33.18.

Amentum Trading Down 1.0%

Shares of NYSE AMTM opened at $23.01 on Friday. The company’s 50 day simple moving average is $26.62 and its 200 day simple moving average is $28.55. Amentum Holdings, Inc. has a fifty-two week low of $19.11 and a fifty-two week high of $38.11. The firm has a market capitalization of $5.62 billion, a P/E ratio of 38.35, a P/E/G ratio of 0.68 and a beta of 0.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.42.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business posted $0.53 earnings per share. Amentum’s revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts predict that Amentum Holdings, Inc. will post 2.35 EPS for the current year.

Amentum Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.