Amentum Holdings, Inc. $AMTM Stake Boosted by Voss Capital LP

Key Points

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Voss Capital LP lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 393.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,220,709 shares of the company's stock after buying an additional 1,770,891 shares during the period. Amentum makes up about 3.1% of Voss Capital LP's investment portfolio, making the stock its 11th largest holding. Voss Capital LP owned about 0.91% of Amentum worth $40,417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Securities LLC bought a new stake in Amentum during the first quarter worth approximately $798,869,000. Invesco Ltd. raised its holdings in Amentum by 24.1% during the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock worth $312,878,000 after purchasing an additional 3,334,871 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after purchasing an additional 14,652,319 shares in the last quarter. Primecap Management Co. CA raised its holdings in Amentum by 56.9% during the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after purchasing an additional 3,647,210 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Amentum by 149.5% during the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after purchasing an additional 1,398,143 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Shares of NYSE AMTM traded up $0.6450 during trading on Friday, hitting $24.9150. The company had a trading volume of 813,253 shares, compared to its average volume of 1,578,808. The company has a market cap of $6.06 billion and a P/E ratio of 63.89. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. The business's 50-day moving average is $24.33 and its 200 day moving average is $21.50. 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 (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. The business's quarterly revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMTM. The Goldman Sachs Group boosted their target price on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Citizens Jmp began coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. Raymond James Financial reissued an "outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Bank of America upped their price target on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upped their price target on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Amentum presently has a consensus rating of "Hold" and an average price target of $27.30.

Amentum 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.