Rhumbline Advisers Has $5.64 Million Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Rhumbline Advisers lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,103 shares of the company's stock after purchasing an additional 14,919 shares during the quarter. Rhumbline Advisers owned 0.13% of Amentum worth $5,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Amentum by 3,155.0% during the 1st quarter. GAMMA Investing LLC now owns 57,093 shares of the company's stock worth $1,039,000 after purchasing an additional 55,339 shares in the last quarter. Cacti Asset Management LLC increased its position in shares of Amentum by 1.2% during the first quarter. Cacti Asset Management LLC now owns 834,442 shares of the company's stock valued at $15,078,000 after acquiring an additional 9,978 shares during the last quarter. Wellington Management Group LLP grew its stake 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. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amentum during the 4th quarter valued at $676,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Amentum during the 4th quarter worth approximately $249,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Down 1.3%

Shares of NYSE:AMTM traded down $0.30 during trading on Friday, reaching $22.66. 1,854,317 shares of the stock were exchanged, compared to its average volume of 2,768,420. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm's 50-day moving average price is $20.59 and its 200 day moving average price is $20.75. 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 data on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. Equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMTM shares. BTIG Research started coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial decreased their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Bank of America began coverage on shares of Amentum in a research note on Tuesday. They set a "neutral" rating and a $24.00 target price for the company. Finally, Royal Bank of Canada set a $24.00 price objective on Amentum and gave the stock a "sector perform" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.