Engine Capital Management LP Purchases 13,855 Shares of Amentum Holdings, Inc. $AMTM

Key Points

• Engine Capital Management LP acquired an additional 13,855 shares of Amentum Holdings, increasing its holdings to 635,255 shares, which represents 2.2% of its portfolio.
• Several institutional investors, such as American Securities LLC and Invesco Ltd., have significantly increased their stakes in Amentum, with total institutional ownership reaching 39.93%.
• Amentum recently reported earnings of $0.56 EPS for the quarter, surpassing analysts' expectations, but its revenue of $2.23 billion fell below projections.

Engine Capital Management LP raised its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 635,255 shares of the company's stock after purchasing an additional 13,855 shares during the period. Amentum accounts for approximately 2.2% of Engine Capital Management LP's portfolio, making the stock its 14th largest holding. Engine Capital Management LP owned 0.26% of Amentum worth $11,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming boosted its holdings in shares of Amentum by 43.3% in the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after acquiring an additional 833 shares during the period. Signaturefd LLC boosted its holdings in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after acquiring an additional 916 shares during the period. KBC Group NV boosted its holdings in shares of Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company's stock worth $134,000 after acquiring an additional 918 shares during the period. North Growth Management Ltd. boosted its holdings in shares of Amentum by 1.1% in the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock worth $1,669,000 after acquiring an additional 1,000 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Amentum by 15.9% in the first quarter. Allworth Financial LP now owns 8,266 shares of the company's stock worth $150,000 after acquiring an additional 1,133 shares during the period. 39.93% of the stock is owned by institutional investors.

Amentum Price Performance

NYSE:AMTM traded down $0.13 during trading hours on Monday, hitting $24.11. 1,853,485 shares of the company's stock traded hands, compared to its average volume of 2,177,716. The firm has a market cap of $5.87 billion and a P/E ratio of 61.83. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. The business's fifty day simple moving average is $24.79 and its two-hundred day simple moving average is $21.78. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMTM. Raymond James Financial reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Amentum in a report on Monday, August 18th. The Goldman Sachs Group raised their price target on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Citizens Jmp began coverage on Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target for the company. JMP Securities reissued a "market outperform" rating and set a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Finally, Bank of America lifted their price objective on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and a consensus target price of $27.30.

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.