BW Gestao de Investimentos Ltda. Acquires Shares of 394,400 Amentum Holdings, Inc. $AMTM

Key Points

• BW Gestao de Investimentos Ltda. has acquired 394,400 shares of Amentum Holdings, valued at approximately $7.18 million, representing 0.16% ownership of the company.
• Other institutional investors, including American Securities LLC and Primecap Management Co. CA, have significantly increased their stakes in Amentum, indicating strong institutional interest.
• Amentum recently reported a net margin of 0.41% and earnings per share of $0.56, surpassing analyst expectations, although its revenue of $2.23 billion fell short of estimates.

BW Gestao de Investimentos Ltda. purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 394,400 shares of the company's stock, valued at approximately $7,178,000. BW Gestao de Investimentos Ltda. owned about 0.16% of Amentum at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nuveen LLC bought a new position in Amentum during the 1st quarter valued at about $5,238,000. Principal Financial Group Inc. increased its stake in shares of Amentum by 18.3% in the first quarter. Principal Financial Group Inc. now owns 712,172 shares of the company's stock worth $12,962,000 after acquiring an additional 110,123 shares during the period. Amalgamated Bank boosted its holdings in Amentum by 12.3% during the first quarter. Amalgamated Bank now owns 43,366 shares of the company's stock worth $789,000 after buying an additional 4,756 shares in the last quarter. KBC Group NV lifted its holdings in Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after purchasing an additional 918 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Amentum in the first quarter worth about $615,000. 39.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their price target on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Bank of America raised their price objective on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Raymond James Financial reissued an "outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Finally, Citizens Jmp began coverage on shares of Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.30.

Amentum Stock Up 0.3%

Amentum stock traded up $0.07 during trading on Friday, reaching $24.24. The stock had a trading volume of 1,251,105 shares, compared to its average volume of 1,276,943. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The business has a 50 day moving average price of $24.79 and a 200 day moving average price of $21.77. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.90 billion and a PE ratio of 62.15.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The business'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, analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.