Avenir Corp Purchases 710,692 Shares of Amentum Holdings, Inc. $AMTM

Key Points

• Avenir Corp significantly increased its holdings in Amentum Holdings by 367.3% during the first quarter, acquiring an additional 710,692 shares.
• Amentum reported $0.56 earnings per share, exceeding analysts' consensus estimates of $0.53, while experiencing a 66.2% increase in revenue compared to the previous year.
• Wall Street analysts have generally rated Amentum with a consensus "Hold", with a price target of $27.30, despite some analysts setting targets as high as $30.00.

Avenir Corp raised its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 367.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 904,162 shares of the company's stock after acquiring an additional 710,692 shares during the period. Amentum comprises 1.7% of Avenir Corp's portfolio, making the stock its 16th biggest position. Avenir Corp owned about 0.37% of Amentum worth $16,456,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Amentum in the 1st quarter valued at approximately $5,238,000. Principal Financial Group Inc. lifted its stake in Amentum by 18.3% in the 1st quarter. Principal Financial Group Inc. now owns 712,172 shares of the company's stock valued at $12,962,000 after acquiring an additional 110,123 shares in the last quarter. Amalgamated Bank lifted its stake in Amentum by 12.3% in the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company's stock valued at $789,000 after acquiring an additional 4,756 shares in the last quarter. KBC Group NV lifted its stake in Amentum by 14.3% in the 1st quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after acquiring an additional 918 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Amentum in the 1st quarter valued at approximately $615,000. Institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

AMTM has been the topic of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. The Goldman Sachs Group boosted their price target on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Bank of America boosted their price target on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada boosted their price target on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Five 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $27.30.

Amentum Stock Performance

Shares of AMTM stock traded down $0.31 during trading on Monday, reaching $24.94. 1,138,651 shares of the company's stock were exchanged, compared to its average volume of 1,476,262. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $6.07 billion and a PE ratio of 63.95. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50. The firm's fifty day moving average price is $24.63 and its 200-day moving average price is $21.64.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.Amentum's 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. As a group, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.