Amentum Holdings, Inc. (NYSE:AMTM) Stock Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,419 shares of the company's stock after selling 85,182 shares during the quarter. California State Teachers Retirement System owned about 0.05% of Amentum worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank purchased a new stake in Amentum during the fourth quarter worth approximately $30,000. IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. Asset Planning Inc purchased a new stake in Amentum during the 4th quarter worth $36,000. Horizon Investments LLC purchased a new stake in Amentum during the 4th quarter worth $36,000. Finally, National Bank of Canada FI increased its holdings in Amentum by 31,328.6% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMTM shares. Truist Financial reduced their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley started coverage on Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Royal Bank of Canada set a $24.00 price objective on shares of Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Finally, BTIG Research began coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus target price of $25.38.

Amentum Price Performance

Shares of AMTM traded up $0.71 during trading on Monday, reaching $23.12. The company's stock had a trading volume of 3,506,470 shares, compared to its average volume of 2,778,222. The company has a fifty day moving average of $20.22 and a two-hundred day moving average of $20.75. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.