AWH Capital L.P. Buys New Stake in Amentum Holdings, Inc. $AMTM

Key Points

• AWH Capital L.P. has made a new investment of $774,000 in Amentum Holdings, acquiring 42,500 shares which now constitutes approximately 1.1% of its total holdings.
• Quarterly earnings showed Amentum reported an EPS of $0.56, exceeding estimates, with revenue reaching $2.23 billion, a 66.2% increase year-over-year.
• The company's stock has received multiple upgrades from brokerages, with some analysts setting target prices as high as $30.00 and a consensus rating of "Hold."

AWH Capital L.P. bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 42,500 shares of the company's stock, valued at approximately $774,000. Amentum comprises 1.1% of AWH Capital L.P.'s holdings, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMTM. Quarry LP purchased a new stake in Amentum in the first quarter valued at about $30,000. Signaturefd LLC raised its stake in Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares during the last quarter. FNY Investment Advisers LLC raised its stake 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 buying an additional 1,900 shares during the last quarter. GAMMA Investing LLC raised its stake in Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after buying an additional 1,383 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after buying an additional 2,178 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of Amentum stock traded up $0.07 during trading on Friday, hitting $24.24. 1,251,105 shares of the company's stock were exchanged, compared to its average volume of 1,274,510. The stock has a market capitalization of $5.90 billion and a price-to-earnings ratio of 62.15. The business has a 50-day simple moving average of $24.79 and a 200-day simple moving average of $21.78. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.Amentum's quarterly revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

AMTM has been the subject of a number of research analyst reports. Bank of America increased their price target on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. JMP Securities reiterated a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Royal Bank Of Canada increased their price target on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Citizens Jmp initiated coverage on Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target for the company. Finally, Raymond James Financial reiterated an "outperform" rating and set a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Amentum currently has a consensus rating of "Hold" and a consensus target price of $27.30.

Amentum Company 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.