Stifel Financial Corp Decreases Position in Amentum Holdings, Inc. (NYSE:AMTM)

Stifel Financial Corp cut its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,934 shares of the company's stock after selling 18,384 shares during the period. Stifel Financial Corp's holdings in Amentum were worth $987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AMTM. Huntington National Bank bought a new stake in Amentum in the fourth quarter worth about $30,000. IFP Advisors Inc increased its stake in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the period. Asset Planning Inc bought a new position in Amentum during the 4th quarter valued at approximately $36,000. Horizon Investments LLC bought a new stake in shares of Amentum during the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC increased its holdings in shares of Amentum by 333.1% during the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after acquiring an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

Shares of NYSE:AMTM traded down $0.20 during midday trading on Tuesday, reaching $21.17. The company had a trading volume of 2,175,206 shares, compared to its average volume of 2,787,593. The business's 50 day moving average price is $19.23 and its 200 day moving average price is $21.75. 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 1-year low of $16.01 and a 1-year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. BTIG Research started coverage on shares of Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.38.

Insider Buying and Selling

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

Amentum Company 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.