Voya Investment Management LLC Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Voya Investment Management LLC purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 404,115 shares of the company's stock, valued at approximately $8,499,000. Voya Investment Management LLC owned about 0.17% of Amentum at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Amentum during the 3rd quarter valued at approximately $790,000. JPMorgan Chase & Co. purchased a new position in Amentum during the third quarter worth $8,739,000. Foundations Investment Advisors LLC bought a new position in Amentum during the fourth quarter valued at $409,000. A. D. Beadell Investment Counsel Inc. raised its stake in shares of Amentum by 177.0% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company's stock valued at $907,000 after acquiring an additional 27,575 shares during the period. Finally, Cacti Asset Management LLC bought a new stake in shares of Amentum in the 4th quarter worth about $18,386,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

Shares of AMTM stock traded up $0.18 during mid-day trading on Friday, hitting $21.87. The stock had a trading volume of 1,199,037 shares, compared to its average volume of 2,816,987. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. The firm's 50-day moving average is $18.90 and its two-hundred day moving average is $22.18.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the transaction, the director now owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMTM shares. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley assumed coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. Truist Financial dropped their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, BTIG Research assumed coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.71.

About Amentum

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.