Legal & General Group Plc purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 349,048 shares of the company's stock, valued at approximately $7,215,000. Legal & General Group Plc owned about 0.14% of Amentum at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AMTM. IFM Investors Pty Ltd acquired a new stake in shares of Amentum during the first quarter worth about $411,000. Cetera Investment Advisers acquired a new stake in shares of Amentum in the 2nd quarter valued at about $335,000. JPMorgan Chase & Co. grew its stake in Amentum by 4.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company's stock worth $2,156,000 after buying an additional 3,608 shares during the last quarter. M&T Bank Corp purchased a new position in Amentum during the 2nd quarter worth approximately $241,000. Finally, Gabelli Funds LLC acquired a new position in Amentum during the second quarter worth approximately $592,000. Institutional investors and hedge funds own 39.93% of the company's stock.
Amentum Trading Down 0.3%
Shares of Amentum stock opened at $19.94 on Thursday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.58 and a beta of 0.27. Amentum Holdings, Inc. has a 52-week low of $19.80 and a 52-week high of $38.11. The company's 50-day simple moving average is $21.44 and its 200-day simple moving average is $24.38. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.38 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on AMTM shares. BTIG Research decreased their price objective on Amentum from $35.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. 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 on the stock. Bank of America reduced their price target on shares of Amentum from $35.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Zacks Research cut shares of Amentum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings cut shares of Amentum from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $29.18.
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About Amentum
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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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