Amentum Holdings, Inc. $AMTM Stock Holdings Raised by American Securities LLC

American Securities LLC increased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 45,026,743 shares of the company’s stock after acquiring an additional 1,132,839 shares during the period. Amentum comprises 100.0% of American Securities LLC’s portfolio, making the stock its biggest position. American Securities LLC owned about 18.51% of Amentum worth $1,063,081,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AMTM. Quarry LP purchased a new stake in Amentum in the first quarter worth $30,000. Signaturefd LLC increased its stake in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the period. OFI Invest Asset Management bought a new stake in Amentum during the 2nd quarter valued at about $48,000. GAMMA Investing LLC lifted its holdings in Amentum by 78.8% during 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 in the last quarter. Finally, UMB Bank n.a. boosted its position in Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock valued at $97,000 after buying an additional 430 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 1.4%

Shares of NYSE AMTM opened at $22.35 on Friday. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. The stock’s fifty day simple moving average is $24.13 and its two-hundred day simple moving average is $22.75. The stock has a market capitalization of $5.44 billion and a PE ratio of 57.31. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Amentum’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. As a group, analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Morgan Stanley raised their price objective on Amentum from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, September 18th. Truist Financial upped their target price on Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada increased their price target on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. began coverage on Amentum in a report on Thursday, October 9th. They issued a “neutral” rating and a $30.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Amentum presently has an average rating of “Hold” and an average price target of $28.55.

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.