17,906,984 Shares in Amentum Holdings, Inc. $AMTM Bought by BlackRock Inc.

Key Points

• BlackRock acquired 17.9 million Amentum shares during the second quarter, valued at approximately $370.1 million and representing about 7.33% of the company. Institutional investors collectively own 39.93% of AMTM.
• Amentum reported quarterly EPS of $0.67, exceeding estimates of $0.61, while revenue of $3.49 billion fell short of expectations and declined 2% year over year. The company guided to fiscal 2026 EPS of $2.40–$2.50.
• AMTM shares opened at $20.31, near their 12-month low of $19.80. Analysts maintain a consensus “Hold” rating with an average price target of $29.18, despite mixed recent target revisions.

BlackRock Inc. acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 17,906,984 shares of the company's stock, valued at approximately $370,137,000. BlackRock Inc. owned approximately 7.33% of Amentum as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMTM. Los Angeles Capital Management LLC bought a new stake in shares of Amentum during the fourth quarter valued at approximately $26,000. Western Wealth Management LLC bought a new position in shares of Amentum during the 1st quarter valued at about $33,000. NFSG Corp bought a new position in shares of Amentum during the 1st quarter valued at about $35,000. Global Retirement Partners LLC purchased a new position in shares of Amentum during the second quarter valued at about $31,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Amentum in the fourth quarter worth about $48,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Up 1.2%

AMTM stock opened at $20.31 on Wednesday. The firm's fifty day simple moving average is $21.55 and its 200-day simple moving average is $24.96. The company has a market capitalization of $4.97 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11.

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

Analysts Set New Price Targets

Several research firms have commented on AMTM. BTIG Research lowered their price objective on shares of Amentum from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. The Goldman Sachs Group set a $24.00 price objective on Amentum in a report on Thursday, August 20th. Zacks Research downgraded shares of Amentum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. UBS Group raised their price target on Amentum from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley set a $24.00 price objective on shares of Amentum in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.18.

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.

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