Teacher Retirement System of Texas Trims Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Teacher Retirement System of Texas lowered its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,170 shares of the company's stock after selling 22,522 shares during the quarter. Teacher Retirement System of Texas' holdings in Amentum were worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AMTM. Huntington National Bank purchased a new stake in shares of Amentum in the fourth quarter worth $30,000. Horizon Investments LLC bought a new position in Amentum in the 4th quarter worth about $36,000. National Bank of Canada FI raised its holdings in shares of Amentum by 31,328.6% in 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 in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Amentum by 380.0% in the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of Amentum during the 4th quarter valued at about $52,000. Institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America initiated coverage on shares of Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target on the stock. 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 report on Wednesday, May 21st. Truist Financial cut their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, 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 on the stock. One 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 MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus price target of $25.22.

Amentum Trading Up 2.2%

NYSE AMTM traded up $0.53 during trading on Monday, hitting $24.21. 1,356,372 shares of the company's stock traded hands, compared to its average volume of 2,373,700. The stock has a fifty day moving average of $22.21 and a two-hundred day moving average of $20.84. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56.

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