Voya Investment Management LLC Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Voya Investment Management LLC purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 404,115 shares of the company’s stock, valued at approximately $8,499,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMTM. Huntington National Bank purchased a new stake in shares of Amentum in the 4th quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new position in Amentum in the 3rd quarter valued at approximately $32,000. IFP Advisors Inc grew its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Amentum during the fourth quarter worth $36,000. Finally, Horizon Investments LLC acquired a new stake in shares of Amentum in the fourth quarter valued at $36,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMTM has been the topic of several recent research reports. The Goldman Sachs Group started coverage on Amentum in a report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price target on the stock. Morgan Stanley initiated coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 target price on the stock. Truist Financial lowered their price target on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. BTIG Research began coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Amentum currently has an average rating of “Hold” and a consensus target price of $24.71.

Insiders Place Their Bets

In related news, Director Barbara Loughran acquired 4,600 shares of Amentum stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % 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 corporate insiders.

Amentum Trading Up 1.6 %

Shares of Amentum stock opened at $22.19 on Wednesday. The company has a fifty day simple moving average of $18.80 and a 200-day simple moving average of $22.23. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current 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.