Amentum Holdings, Inc. $AMTM Shares Bought by Nexpoint Asset Management L.P.

Key Points

• Nexpoint Asset Management L.P. significantly increased its shares in Amentum Holdings, acquiring a total of 43,900 shares after a 144% boost in the first quarter.
• Amentum reported earnings per share (EPS) of $0.56, exceeding estimates, while its quarterly revenue rose by 66.2% year-over-year, totaling $2.23 billion.
• Recent analyst reports have raised Amentum's price targets, with multiple firms giving it an "outperform" rating and a target price reaching as high as $30.00.

Nexpoint Asset Management L.P. boosted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 144.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,900 shares of the company's stock after acquiring an additional 25,905 shares during the period. Nexpoint Asset Management L.P.'s holdings in Amentum were worth $799,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMTM. Quarry LP acquired a new position in shares of Amentum in the first quarter valued at approximately $30,000. Signaturefd LLC raised its position in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after buying an additional 1,900 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after buying an additional 1,383 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after buying an additional 2,178 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

AMTM opened at $24.17 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The company has a 50 day moving average of $24.78 and a two-hundred day moving average of $21.75. The company has a market cap of $5.88 billion and a P/E ratio of 61.97.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. The firm's quarterly 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, analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

AMTM has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. JMP Securities reissued a "market outperform" rating and issued a $30.00 price objective 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. Finally, Truist Financial upped their price target 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. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Amentum presently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.