Bank of America Corp DE Increases Stock Position in Amentum Holdings, Inc. $AMTM

Key Points

• Bank of America more than doubled its Amentum stake in the first quarter, adding 1.25 million shares to own 2.4 million shares worth approximately $62.7 million, or 0.98% of the company.
• Amentum reported quarterly EPS of $0.67, beating estimates of $0.61, but revenue of $3.49 billion fell short of expectations and declined 2% year over year. The company issued fiscal 2026 EPS guidance of $2.40–$2.50.
• Shares opened at $24.42, well below the average analyst target of $32.00. Analysts collectively rate the stock “Hold,” despite several Buy ratings and recent institutional accumulation.

Bank of America Corp DE increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 107.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,405,041 shares of the company's stock after acquiring an additional 1,247,614 shares during the quarter. Bank of America Corp DE owned approximately 0.98% of Amentum worth $62,723,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. California State Teachers Retirement System boosted its stake in Amentum by 23.1% during the 1st quarter. California State Teachers Retirement System now owns 184,555 shares of the company's stock worth $4,813,000 after purchasing an additional 34,643 shares during the period. Empowered Funds LLC acquired a new position in Amentum in the first quarter valued at $206,000. The Manufacturers Life Insurance Company raised its holdings in shares of Amentum by 10.8% in the first quarter. The Manufacturers Life Insurance Company now owns 40,917 shares of the company's stock valued at $1,067,000 after buying an additional 3,998 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Amentum in the first quarter valued at about $1,208,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Amentum by 86.7% in the first quarter. Quantinno Capital Management LP now owns 145,574 shares of the company's stock valued at $3,797,000 after buying an additional 67,603 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Down 1.4%

AMTM opened at $24.42 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11. The stock has a market capitalization of $5.97 billion, a P/E ratio of 40.70, a P/E/G ratio of 0.72 and a beta of 0.30. The business has a 50 day simple moving average of $21.88 and a 200-day simple moving average of $26.08.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. Amentum's revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities analysts anticipate that Amentum Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMTM shares. Bank of America lowered their target price on Amentum from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. BTIG Research restated a "buy" rating and set a $35.00 price target on shares of Amentum in a research note on Thursday, May 14th. Truist Financial reaffirmed a "buy" rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Amentum from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday, May 13th. They issued an "equal weight" rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $32.00.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.

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