Hahn Capital Management LLC Has $1.20 Million Holdings 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 stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 15.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 65,633 shares of the company's stock after selling 11,689 shares during the period. Amentum accounts for about 0.6% of Hahn Capital Management LLC's holdings, making the stock its 27th largest position. Hahn Capital Management LLC's holdings in Amentum were worth $1,195,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Securities LLC bought a new position in Amentum in the 1st quarter worth approximately $798,869,000. Primecap Management Co. CA grew its stake in shares of Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after acquiring an additional 3,647,210 shares during the last quarter. Invesco Ltd. increased its position in Amentum by 24.1% during the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock worth $312,878,000 after acquiring an additional 3,334,871 shares during the period. Voss Capital LP raised its stake in Amentum by 393.7% during the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock valued at $40,417,000 after purchasing an additional 1,770,891 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Amentum by 149.5% in the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after purchasing an additional 1,398,143 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Price Performance

Shares of Amentum stock traded down $0.10 during mid-day trading on Wednesday, reaching $22.55. 509,651 shares of the stock were exchanged, compared to its average volume of 2,146,521. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. The company has a market cap of $5.49 billion and a price-to-earnings ratio of 57.83. The firm has a 50-day simple moving average of $24.72 and a 200 day simple 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 (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data 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 net margin of 0.41% and a return on equity of 10.90%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. The firm's quarterly 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. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMTM shares. The Goldman Sachs Group boosted their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Truist Financial boosted their price target on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada upped their price target on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Bank of America lifted their price objective on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Finally, JMP Securities restated a "market outperform" rating and issued a $30.00 target price 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Amentum presently has a consensus rating of "Hold" and an average 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.