Carlson Capital L.P. Takes $510,000 Position 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. purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,000 shares of the company's stock, valued at approximately $510,000. Amentum accounts for about 0.2% of Carlson Capital L.P.'s investment portfolio, making the stock its 24th largest position.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC raised its position in Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares during the period. FNY Investment Advisers LLC raised its position in Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after purchasing an additional 1,900 shares during the period. GAMMA Investing LLC raised its position in Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after purchasing an additional 1,383 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after purchasing an additional 2,178 shares during the period. Finally, State of Wyoming grew its holdings in Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after purchasing an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Down 1.2%

AMTM stock traded down $0.31 during mid-day trading on Monday, hitting $24.94. 1,138,651 shares of the company were exchanged, compared to its average volume of 1,476,262. The company has a market capitalization of $6.07 billion and a PE ratio of 63.95. 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 twelve month low of $16.01 and a twelve month high of $34.50. The firm has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $21.64.

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, topping the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. The firm'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. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMTM shares. Bank of America raised their price target on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. JMP Securities reaffirmed a "market outperform" rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Citizens Jmp started coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.