Telos Capital Management Inc. Has $4.66 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Telos Capital Management Inc. lowered its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,178 shares of the company's stock after selling 10,858 shares during the period. Telos Capital Management Inc. owned approximately 0.11% of Amentum worth $4,662,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after buying an additional 2,529,173 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after buying an additional 14,652,319 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Amentum by 77.6% in the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after buying an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA raised its stake in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock valued at $134,894,000 after purchasing an additional 1,143,097 shares during the period. Finally, Cooper Creek Partners Management LLC raised its stake in Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after purchasing an additional 3,319,364 shares during the period. Institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Shares of Amentum stock traded down $0.34 on Friday, hitting $23.68. 1,426,049 shares of the company traded hands, compared to its average volume of 2,676,313. The company has a 50-day moving average price of $22.21 and a 200 day moving average price of $20.84. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. BTIG Research assumed coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price on the stock. Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Bank of America assumed coverage on shares of Amentum in a research note on Tuesday, June 10th. They set a "neutral" rating and a $24.00 target price on the stock. Finally, Citizens Jmp assumed coverage on shares of Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $25.22.

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.