Teacher Retirement System of Texas Has $1.17 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Teacher Retirement System of Texas cut its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 26.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,170 shares of the company's stock after selling 22,522 shares during the period. Teacher Retirement System of Texas' holdings in Amentum were worth $1,168,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC raised its holdings 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 worth $310,978,000 after acquiring an additional 14,652,319 shares during the period. Invesco Ltd. raised its holdings in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after acquiring an additional 6,055,638 shares during the period. Cooper Creek Partners Management LLC raised its holdings 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 worth $87,422,000 after acquiring an additional 3,319,364 shares during the period. Vanguard Group Inc. raised its holdings in shares of Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after acquiring an additional 2,529,173 shares during the period. Finally, Norges Bank acquired a new stake in shares of Amentum during the fourth quarter worth $30,286,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

Amentum stock traded up $1.32 during midday trading on Thursday, hitting $25.61. The company's stock had a trading volume of 2,747,301 shares, compared to its average volume of 2,657,711. The company has a 50-day moving average price of $22.44 and a two-hundred day moving average price of $20.94. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in 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 report on Wednesday, May 21st. The Goldman Sachs Group assumed coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price for the company. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price for the company. Citizens Jmp assumed coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Bank of America assumed coverage on shares of Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 target price for the company. 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's stock. Based on data from MarketBeat, Amentum currently has an average rating of "Hold" and an average price target of $25.22.

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.