Mesirow Financial Investment Management Inc. Invests $248,000 in Amentum Holdings, Inc. $AMTM

Mesirow Financial Investment Management Inc. acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,515 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors also recently modified their holdings of the business. Nuveen LLC acquired a new stake in Amentum in the 1st quarter valued at about $5,238,000. Principal Financial Group Inc. lifted its stake in Amentum by 18.3% in the 1st quarter. Principal Financial Group Inc. now owns 712,172 shares of the company’s stock valued at $12,962,000 after purchasing an additional 110,123 shares during the last quarter. Amalgamated Bank lifted its stake in Amentum by 12.3% in the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock valued at $789,000 after purchasing an additional 4,756 shares during the last quarter. KBC Group NV lifted its stake in Amentum by 14.3% in the 1st quarter. KBC Group NV now owns 7,339 shares of the company’s stock valued at $134,000 after purchasing an additional 918 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Amentum by 11.6% in the 1st quarter. New York State Teachers Retirement System now owns 138,486 shares of the company’s stock valued at $2,520,000 after purchasing an additional 14,364 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMTM. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Morgan Stanley raised their target price on shares of Amentum from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, September 18th. JPMorgan Chase & Co. initiated coverage on shares of Amentum in a research report on Thursday, October 9th. They set a “neutral” rating and a $30.00 price objective for the company. Bank of America raised their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Finally, BTIG Research restated a “buy” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.55.

Amentum Trading Up 2.3%

Shares of AMTM stock opened at $22.41 on Monday. The firm has a 50 day moving average price of $23.58 and a two-hundred day moving average price of $23.15. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $5.45 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 0.74 and a beta of 0.24. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.51 billion. The firm’s quarterly revenue 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 predict 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.