Amentum Holdings, Inc. $AMTM Shares Acquired by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Amentum Holdings by 5.1%, now owning 310,103 shares valued at approximately $5.6 million.
• Amentum reported $2.23 billion in revenue for the recent quarter, a 66.2% increase year-over-year, while earnings per share exceeded estimates by $0.03.
• Analysts have mixed ratings on Amentum, with a consensus target price of $27.30, and most giving the stock a "Hold" rating.

Rhumbline Advisers lifted its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 5.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,103 shares of the company's stock after purchasing an additional 14,919 shares during the quarter. Rhumbline Advisers owned about 0.13% of Amentum worth $5,644,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Amentum in the 1st quarter worth $30,000. Signaturefd LLC lifted its position in Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after acquiring an additional 916 shares during the period. FNY Investment Advisers LLC lifted its position in Amentum by 380.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after acquiring an additional 1,900 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in Amentum by 382.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock worth $58,000 after acquiring an additional 2,178 shares during the period. Finally, State of Wyoming lifted its position in Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Up 0.6%

NYSE:AMTM traded up $0.13 during trading hours on Thursday, hitting $22.37. The company's stock had a trading volume of 1,023,151 shares, compared to its average volume of 2,151,146. The stock has a market capitalization of $5.44 billion and a P/E ratio of 57.33. The stock has a fifty day moving average of $24.68 and a 200-day moving average of $21.95. The company has a current ratio of 1.58, a quick 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.

Amentum (NYSE:AMTM - Get Free Report) last posted 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. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. The company's revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

AMTM has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. JMP Securities restated a "market outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Morgan Stanley upped their price objective on Amentum from $19.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday. Royal Bank Of Canada upped their price objective on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Truist Financial boosted their target price on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Amentum currently has an average rating of "Hold" and a consensus price target of $27.40.

About Amentum

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.