Hahn Capital Management LLC Has $1.20 Million Stake in Amentum Holdings, Inc. $AMTM

Key Points

• Hahn Capital Management LLC reduced its stake in Amentum Holdings, Inc. by 15.1% in Q1, now owning 65,633 shares valued at approximately $1.2 million.
• Amentum reported $0.56 EPS for the latest quarter, exceeding the estimate of $0.53, with revenue of $2.23 billion, though this fell short of the consensus estimate of $3.51 billion.
• Several analysts have raised their price targets for Amentum, with a consensus rating of "Hold" and an average price target of $27.30.

Hahn Capital Management LLC decreased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,633 shares of the company's stock after selling 11,689 shares during the quarter. Amentum comprises approximately 0.6% of Hahn Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Hahn Capital Management LLC's holdings in Amentum were worth $1,195,000 at the end of the most recent quarter.

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

Amentum Stock Performance

AMTM stock traded down $0.30 during trading hours on Tuesday, reaching $22.65. The stock had a trading volume of 2,114,589 shares, compared to its average volume of 2,152,070. The stock has a market capitalization of $5.51 billion and a PE ratio of 58.08. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $21.95. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50.

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

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. 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 report on Wednesday, August 13th. Royal Bank Of Canada boosted their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Raymond James Financial reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.