Amentum Holdings, Inc. (NYSE:AMTM) Position Increased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 169.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,890 shares of the company's stock after buying an additional 18,183 shares during the period. Westwood Holdings Group Inc.'s holdings in Amentum were worth $608,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Amentum by 18.0% during 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 raised its stake in shares of Amentum by 10,851.5% during 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 purchasing an additional 14,652,319 shares during the period. Invesco Ltd. raised its stake in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after purchasing an additional 6,055,638 shares during the period. Primecap Management Co. CA raised its stake in shares of Amentum by 21.7% during the fourth 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 shares of Amentum by 396.3% during the fourth 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. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.65 during midday trading on Friday, reaching $20.56. The company had a trading volume of 1,351,454 shares, compared to its average volume of 2,749,981. 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 stock's fifty day moving average price is $19.70 and its 200-day moving average price is $21.31. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMTM. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada set a $24.00 price objective on shares of Amentum and gave the company a "sector perform" rating in a research note on Wednesday. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. Truist Financial dropped their price objective 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. Finally, BTIG Research began coverage on shares of Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.38.

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.