Everett Harris & Co. CA Sells 10,478 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• Everett Harris & Co. CA reduced its holdings in Amentum Holdings, Inc. by 25.0%, now owning 31,410 shares worth $572,000.
• Several institutional investors have increased their positions in Amentum, including LPL Financial LLC, which raised its holdings by 14.1%, now owning 118,782 shares.
• Amentum's stock has a current price target consensus of $26.11, with ratings varying from "sell" to "buy" among analysts.

Everett Harris & Co. CA decreased its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 25.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,410 shares of the company's stock after selling 10,478 shares during the quarter. Everett Harris & Co. CA's holdings in Amentum were worth $572,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMTM. State of Wyoming lifted its holdings in shares of Amentum by 43.3% during the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after purchasing an additional 833 shares during the last quarter. Signaturefd LLC increased its position in Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares in the last quarter. KBC Group NV raised its stake in Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after buying an additional 918 shares during the last quarter. North Growth Management Ltd. raised its stake in Amentum by 1.1% during the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after buying an additional 1,000 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Amentum by 15.9% during the first quarter. Allworth Financial LP now owns 8,266 shares of the company's stock valued at $150,000 after buying an additional 1,133 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMTM shares. Truist Financial lifted 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. Citizens Jmp began coverage on shares of Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. BTIG Research began coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. Bank of America began coverage on shares of Amentum in a research report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective on the stock. Finally, Morgan Stanley began coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amentum presently has an average rating of "Hold" and an average target price of $26.11.

Amentum Stock Performance

Shares of AMTM traded up $0.22 during mid-day trading on Monday, hitting $25.35. 1,169,588 shares of the company traded hands, compared to its average volume of 1,663,586. The stock has a market cap of $6.17 billion and a price-to-earnings ratio of 12.26. The stock has a 50-day moving average price of $23.83 and a two-hundred day moving average price of $21.24. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm's quarterly revenue was up 66.2% on a year-over-year basis. Equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.