Amentum Holdings, Inc. $AMTM Shares Bought 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 boosted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 310,103 shares of the company's stock after buying an additional 14,919 shares during the period. Rhumbline Advisers owned 0.13% of Amentum worth $5,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming boosted its stake in Amentum by 43.3% during the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after buying an additional 833 shares during the last quarter. Signaturefd LLC raised its position in 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 purchasing an additional 916 shares during the period. KBC Group NV raised its position in Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after purchasing an additional 918 shares during the period. North Growth Management Ltd. raised its position in Amentum by 1.1% in the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after purchasing an additional 1,000 shares during the period. Finally, Allworth Financial LP raised its position in Amentum by 15.9% in the first quarter. Allworth Financial LP now owns 8,266 shares of the company's stock valued at $150,000 after purchasing an additional 1,133 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

Shares of NYSE AMTM opened at $23.85 on Friday. The stock's 50-day moving average is $24.77 and its two-hundred day moving average is $21.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.50. The company has a market cap of $5.80 billion and a price-to-earnings ratio of 61.16.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping 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 the consensus estimate of $3.51 billion. The company's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMTM shares. The Goldman Sachs Group lifted their target price on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Raymond James Financial restated an "outperform" rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Bank of America lifted their target price on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada lifted their target price on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.30.

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.

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