Amentum Holdings, Inc. $AMTM Shares Acquired by Grizzlyrock Capital LLC

Grizzlyrock Capital LLC boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 54.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 253,363 shares of the company’s stock after purchasing an additional 89,137 shares during the quarter. Amentum comprises 4.1% of Grizzlyrock Capital LLC’s holdings, making the stock its 9th largest holding. Grizzlyrock Capital LLC’s holdings in Amentum were worth $5,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nuveen LLC acquired a new stake in Amentum in the first quarter worth $5,238,000. State of Alaska Department of Revenue boosted its position in shares of Amentum by 13.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock worth $2,120,000 after purchasing an additional 10,487 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Amentum by 9.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock valued at $59,352,000 after buying an additional 213,164 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Amentum by 14.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock valued at $20,498,000 after buying an additional 107,697 shares during the period. Finally, Invesco Ltd. increased its position in Amentum by 13.9% in the 2nd quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock valued at $462,219,000 after buying an additional 2,386,131 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMTM. Cantor Fitzgerald increased their price target on Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Citizens Jmp upped their target price on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price target on shares of Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. JMP Securities set a $35.00 price target on shares of Amentum in a research note on Wednesday, November 26th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Amentum in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.17.

Amentum Stock Down 1.6%

Shares of NYSE:AMTM opened at $29.64 on Friday. The business’s 50 day moving average is $24.75 and its 200 day moving average is $24.12. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $31.87. The stock has a market cap of $7.22 billion and a price-to-earnings ratio of 109.76. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.Amentum’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, sell-side 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.