Carlson Capital L.P. Invests $510,000 in Amentum Holdings, Inc. $AMTM

Key Points

• Carlson Capital L.P. acquired 28,000 shares of Amentum Holdings, valued at approximately $510,000, making it the firm’s 24th largest position.
• Amentum's revenue increased by 66.2% year-over-year, with the company's earnings per share (EPS) for the recent quarter reported at $0.56, exceeding analysts' expectations.
• Wall Street analysts have a consensus target price of $27.30 for Amentum Holdings, with five analysts rating it as a Buy and four as Hold.

Carlson Capital L.P. acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,000 shares of the company's stock, valued at approximately $510,000. Amentum comprises approximately 0.2% of Carlson Capital L.P.'s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. American Securities LLC bought a new stake in Amentum during the 1st quarter valued at approximately $798,869,000. Invesco Ltd. boosted its stake in Amentum by 24.1% during the 1st quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after purchasing an additional 3,334,871 shares during the period. Primecap Management Co. CA boosted its stake in Amentum by 56.9% during the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock valued at $183,121,000 after purchasing an additional 3,647,210 shares during the period. Wellington Management Group LLP boosted its stake in Amentum by 149.5% during the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after purchasing an additional 1,398,143 shares during the period. Finally, Voss Capital LP boosted its stake in Amentum by 393.7% during the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock valued at $40,417,000 after purchasing an additional 1,770,891 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Down 1.2%

Shares of NYSE AMTM traded down $0.31 during mid-day trading on Friday, hitting $24.94. The company's stock had a trading volume of 1,138,651 shares, compared to its average volume of 1,496,172. The stock has a market cap of $6.07 billion and a price-to-earnings ratio of 63.95. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.50. The company's fifty day simple moving average is $24.63 and its 200-day simple moving average is $21.63.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citizens Jmp assumed coverage on Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 target price for the company. The Goldman Sachs Group boosted their price target on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada boosted 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. Bank of America boosted 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. Finally, JMP Securities restated a "market 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 assigned a Sell rating to the company. According to MarketBeat.com, Amentum presently has a consensus rating of "Hold" and an average price target of $27.30.

Amentum 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.