Cacti Asset Management LLC Grows Position in Amentum Holdings, Inc. $AMTM

Key Points

• Cacti Asset Management LLC increased its stake in Amentum Holdings, Inc. by 1.7%, now owning approximately 848,946 shares valued at nearly $19.9 million, making Amentum the firm’s 20th largest holding.
• Amentum reported quarterly earnings of $0.56 EPS, exceeding the consensus estimate of $0.53, with revenue reaching $2.23 billion, although it fell short of analyst projections of $3.51 billion.
• Analyst ratings for Amentum reflect a mix of optimism and caution, with several firms raising their price targets while maintaining a consensus rating of "Hold" and an average target price of $27.30.

Cacti Asset Management LLC boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 848,946 shares of the company's stock after acquiring an additional 14,504 shares during the period. Amentum accounts for 1.5% of Cacti Asset Management LLC's investment portfolio, making the stock its 20th largest holding. Cacti Asset Management LLC owned about 0.35% of Amentum worth $19,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. American Securities LLC acquired a new position in Amentum in the first quarter valued at approximately $798,869,000. Invesco Ltd. raised its position in Amentum by 24.1% in the 1st quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after buying an additional 3,334,871 shares during the last quarter. Primecap Management Co. CA raised its position in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock valued at $183,121,000 after buying an additional 3,647,210 shares during the last quarter. Wellington Management Group LLP raised its position in Amentum by 149.5% in the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after buying an additional 1,398,143 shares during the last quarter. Finally, Voss Capital LP raised its position in Amentum by 393.7% in the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock valued at $40,417,000 after buying an additional 1,770,891 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Price Performance

Shares of AMTM traded down $0.03 during trading hours on Thursday, reaching $22.21. 1,125,114 shares of the company's stock traded hands, compared to its average volume of 2,151,819. The stock has a market cap of $5.40 billion and a PE ratio of 56.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The firm's 50 day simple moving average is $24.68 and its 200-day simple moving average is $21.95.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AMTM. Morgan Stanley increased their price target on Amentum from $19.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday. Truist Financial upped their price objective on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JMP Securities restated a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Royal Bank Of Canada upped their price objective on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Raymond James Financial restated an "outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Amentum currently has a consensus rating of "Hold" and an average price target of $27.40.

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.