Advisors Asset Management Inc. Has $1.03 Million Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• Advisors Asset Management Inc. has reduced its stake in Amentum Holdings, Inc. by 20.6%, owning 56,602 shares valued at approximately $1,030,000 after selling 14,647 shares.
• Amentum reported a 66.2% increase in revenue year-over-year for the latest quarter, totaling $2.23 billion, despite falling short of analyst estimates.
• Analyst recommendations for Amentum have varied, with five analysts rating it as a "Buy," four as "Hold," and one as "Sell," while the average price target stands at $27.30.

Advisors Asset Management Inc. cut its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 20.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,602 shares of the company's stock after selling 14,647 shares during the period. Advisors Asset Management Inc.'s holdings in Amentum were worth $1,030,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AMTM. American Securities LLC bought a new stake in Amentum in the first quarter worth approximately $798,869,000. Primecap Management Co. CA grew its position in Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after acquiring an additional 3,647,210 shares in the last quarter. Invesco Ltd. grew its position in Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock worth $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Voss Capital LP grew its position in Amentum by 393.7% in the first quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock worth $40,417,000 after acquiring an additional 1,770,891 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after acquiring an additional 1,398,143 shares in the last quarter. 39.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AMTM. Bank of America boosted their target price on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Truist Financial boosted their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group boosted their target price on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Raymond James Financial restated an "outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Finally, Royal Bank Of Canada boosted their price objective on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.30.

Amentum Stock Performance

Shares of Amentum stock traded down $0.10 on Friday, reaching $23.85. The stock had a trading volume of 991,441 shares, compared to its average volume of 1,216,504. The business's 50-day moving average price is $24.77 and its two-hundred day moving average price is $21.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. The stock has a market cap of $5.80 billion and a P/E ratio of 61.16.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm's revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.