Wolverine Asset Management LLC Purchases 34,800 Shares of Amentum Holdings, Inc. $AMTM

Wolverine Asset Management LLC increased its position in Amentum Holdings, Inc. (NYSE:AMTM) by 104.7% during the second quarter, HoldingsChannel.com reports. The firm owned 68,040 shares of the company’s stock after acquiring an additional 34,800 shares during the quarter. Wolverine Asset Management LLC’s holdings in Amentum were worth $1,606,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Wesbanco Bank Inc. boosted its stake in Amentum by 1.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company’s stock worth $578,000 after purchasing an additional 416 shares in the last quarter. UMB Bank n.a. boosted its stake in Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock worth $97,000 after purchasing an additional 430 shares in the last quarter. Signaturefd LLC boosted its stake in Amentum by 27.0% in the 2nd quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $53,000 after purchasing an additional 477 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Amentum by 1.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 64,845 shares of the company’s stock worth $1,531,000 after purchasing an additional 675 shares in the last quarter. Finally, Intrinsic Value Partners LLC boosted its stake in Amentum by 5.0% in the 2nd quarter. Intrinsic Value Partners LLC now owns 16,679 shares of the company’s stock worth $394,000 after purchasing an additional 791 shares in the last quarter. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Bank of America upped their target price on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Cantor Fitzgerald upgraded shares of Amentum from a “neutral” rating to an “overweight” rating and upped their target price for the company from $25.00 to $35.00 in a research note on Thursday, September 25th. The Goldman Sachs Group upped their target price on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial restated an “outperform” rating and set a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.55.

Amentum Price Performance

AMTM opened at $22.41 on Friday. The company’s 50-day simple moving average is $23.58 and its two-hundred day simple moving average is $23.09. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $5.45 billion and a P/E ratio of 57.45.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.51 billion. The company’s revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Amentum Company 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.