Amentum Holdings, Inc. (NYSE:AMTM) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 712,172 shares of the company's stock after buying an additional 110,123 shares during the quarter. Principal Financial Group Inc. owned about 0.29% of Amentum worth $12,962,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMTM. Huntington National Bank purchased a new stake in shares of Amentum during the 4th quarter valued at approximately $30,000. Horizon Investments LLC purchased a new stake in Amentum in the fourth quarter valued at approximately $36,000. 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, Farther Finance Advisors LLC purchased a new stake in Amentum in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Up 2.2%

Shares of AMTM stock traded up $0.53 on Wednesday, reaching $24.27. 1,051,037 shares of the stock were exchanged, compared to its average volume of 2,657,250. 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 business's 50 day moving average price is $22.29 and its 200 day moving average price is $20.89. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month 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, topping analysts' consensus estimates 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. As a group, analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMTM shares. Truist Financial cut their target price on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley started coverage on Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. Citizens Jmp initiated coverage on Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. BTIG Research initiated coverage on Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. Finally, Royal Bank Of Canada set a $24.00 price objective on Amentum and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Amentum has a consensus rating of "Hold" and an average target price 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.