Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 310,103 shares of the company's stock after purchasing 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.

Several other institutional investors and hedge funds have also made changes to their positions in AMTM. Huntington National Bank purchased a new stake in Amentum during the 4th quarter valued at approximately $30,000. IFP Advisors Inc raised its stake in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc purchased a new stake in Amentum during the 4th quarter valued at approximately $36,000. Horizon Investments LLC purchased a new stake in Amentum during the 4th quarter valued at approximately $36,000. Finally, National Bank of Canada FI raised its stake in Amentum by 31,328.6% during the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after acquiring an additional 2,193 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Down 0.6%

NYSE AMTM traded down $0.13 on Monday, hitting $22.56. 2,603,753 shares of the company's stock were exchanged, compared to its average volume of 2,767,505. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The firm's 50-day moving average price is $20.84 and its two-hundred day moving average price is $20.68. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last issued 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. BTIG Research assumed coverage on Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective for the company. Bank of America assumed coverage on Amentum in a research note on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective for the company. Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective for the company. Citizens Jmp assumed coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.22.

About Amentum

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.