12,285,504 Shares in Amentum Holdings, Inc. $AMTM Bought by Primecap Management Co. CA

Primecap Management Co. CA purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 2nd quarter, Holdings Channel reports. The fund purchased 12,285,504 shares of the company’s stock, valued at approximately $253,941,000. Primecap Management Co. CA owned 0.05% of Amentum at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its stake in shares of Amentum by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock worth $867,000 after acquiring an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Amentum by 35.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $54,000 after purchasing an additional 481 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Amentum by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after purchasing an additional 600 shares during the period. HighTower Advisors LLC raised its holdings in Amentum by 4.6% in the 4th quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after purchasing an additional 638 shares during the period. Finally, HM Payson & Co. lifted its position in Amentum by 58.3% during the fourth quarter. HM Payson & Co. now owns 1,941 shares of the company’s stock valued at $56,000 after purchasing an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMTM. BNP Paribas Exane initiated coverage on shares of Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price for the company. The Goldman Sachs Group set a $24.00 price target on shares of Amentum in a report on Thursday, August 20th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $29.18.

Amentum Stock Performance

Amentum stock opened at $20.31 on Wednesday. The company’s 50-day moving average price is $21.55 and its 200-day moving average price is $24.96. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.97 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30.

Amentum (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.38 EPS for the current fiscal year.

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.