Amentum Holdings, Inc. (NYSE:AMTM) Stock Position Reduced by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,559 shares of the company's stock after selling 12,963 shares during the quarter. Crestwood Advisors Group LLC's holdings in Amentum were worth $1,466,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Huntington National Bank purchased a new position in shares of Amentum in the 4th quarter valued at $30,000. Signaturefd LLC increased its holdings in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares in the last quarter. FNY Investment Advisers LLC raised its position in Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after purchasing an additional 1,900 shares during the period. National Bank of Canada FI raised its position in Amentum by 31,328.6% in the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after purchasing an additional 2,193 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Amentum by 78.8% during the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock worth $57,000 after purchasing an additional 1,383 shares in the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. BTIG Research started coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Royal Bank Of Canada set a $24.00 price target on Amentum and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Bank of America began coverage on shares of Amentum in a research note on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective on the stock. Truist Financial boosted their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Citizens Jmp began coverage on shares of Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $25.89.

Amentum Price Performance

Shares of AMTM traded up $0.25 during trading on Friday, reaching $25.56. The company's stock had a trading volume of 817,510 shares, compared to its average volume of 1,488,565. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. The company has a fifty day moving average of $22.90 and a two-hundred day moving average of $21.07. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50.

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. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.