Thrivent Financial for Lutherans Has $60 Million Stake in Amentum Holdings, Inc. $AMTM

Thrivent Financial for Lutherans raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 14.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,069,104 shares of the company’s stock after purchasing an additional 263,693 shares during the quarter. Thrivent Financial for Lutherans owned 0.85% of Amentum worth $60,004,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMTM. Financial Consulate Inc. bought a new position in shares of Amentum during the 4th quarter worth about $38,000. Sound Income Strategies LLC increased its holdings in shares of Amentum by 45.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after purchasing an additional 425 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of Amentum by 98.6% during the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after purchasing an additional 648 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Amentum by 433.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after purchasing an additional 1,474 shares during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Amentum during the 3rd quarter worth about $46,000. Institutional investors own 39.93% of the company’s stock.

Amentum Price Performance

Shares of Amentum stock opened at $23.01 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 0.68 and a beta of 0.43. Amentum Holdings, Inc. has a 1-year low of $19.11 and a 1-year high of $38.11. The firm’s 50-day moving average price is $26.62 and its two-hundred day moving average price is $28.55.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts predict that Amentum Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on AMTM. Truist Financial restated a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday. Morgan Stanley began coverage on shares of Amentum in a report on Wednesday. They set an “equal weight” rating and a $30.00 price objective on the stock. BTIG Research restated a “buy” rating and set a $35.00 price objective on shares of Amentum in a report on Thursday. Royal Bank Of Canada dropped their price objective on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a report on Saturday. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Amentum currently has an average rating of “Hold” and a consensus price target of $33.18.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.