Shufro Rose & Co. LLC Acquires Shares of 13,644 Amentum Holdings, Inc. (NYSE:AMTM)

Shufro Rose & Co. LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,644 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors have also modified their holdings of AMTM. Foundations Investment Advisors LLC acquired a new stake in shares of Amentum during the 4th quarter valued at about $409,000. New York State Common Retirement Fund grew its position in shares of Amentum by 382.6% during the 4th quarter. New York State Common Retirement Fund now owns 378,952 shares of the company’s stock valued at $7,969,000 after acquiring an additional 300,431 shares during the period. Yousif Capital Management LLC grew its position in shares of Amentum by 236.8% during the 4th quarter. Yousif Capital Management LLC now owns 48,770 shares of the company’s stock valued at $1,026,000 after acquiring an additional 34,291 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Amentum by 66.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company’s stock valued at $26,587,000 after acquiring an additional 503,741 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Amentum during the 4th quarter valued at about $23,812,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMTM shares. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 target price on the stock. Citizens Jmp began coverage on Amentum in a report on Monday, May 12th. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada set a $24.00 price objective on Amentum and gave the stock a “sector perform” rating in a report on Wednesday, May 21st. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley began coverage on Amentum in a report on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.38.

Amentum Stock Performance

Shares of Amentum stock opened at $20.56 on Monday. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average price is $19.70 and its 200 day moving average price is $21.17.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. As a group, research analysts forecast 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.