Freestone Capital Holdings LLC Invests $728,000 in Amentum Holdings, Inc. $AMTM

Key Points

• Freestone Capital Holdings LLC acquired 40,027 shares of Amentum Holdings, Inc. valued at approximately $728,000 during the first quarter.
• Analysts have recently raised price targets for Amentum, with Royal Bank of Canada setting a new target of $26.00 and Truist Financial at $30.00, reflecting growing confidence in the stock.
• Amentum reported a 66.2% year-over-year revenue increase for the last quarter, with earnings per share surpassing forecasts, marking robust financial performance amidst rising investor interest.

Freestone Capital Holdings LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 40,027 shares of the company's stock, valued at approximately $728,000.

Several other large investors also recently modified their holdings of AMTM. Barclays PLC grew its holdings in Amentum by 6.2% in the 4th quarter. Barclays PLC now owns 169,651 shares of the company's stock valued at $3,568,000 after buying an additional 9,838 shares in the last quarter. Voss Capital LP acquired a new position in shares of Amentum in the fourth quarter valued at about $9,460,000. Alpine Global Management LLC bought a new position in Amentum during the fourth quarter worth about $526,000. CSM Advisors LLC raised its stake in Amentum by 646.4% in the 4th quarter. CSM Advisors LLC now owns 639,057 shares of the company's stock worth $13,438,000 after purchasing an additional 553,435 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in Amentum in the 4th quarter valued at about $9,386,000. 39.93% of the stock is owned by institutional investors.

Amentum Price Performance

NYSE AMTM traded down $0.2250 during trading on Wednesday, hitting $24.1450. 1,460,973 shares of the company's stock were exchanged, compared to its average volume of 1,588,897. The company has a market cap of $5.88 billion and a PE ratio of 61.91. 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 fifty-two week low of $16.01 and a fifty-two week high of $34.50. The stock's 50 day moving average price is $24.26 and its two-hundred day moving average price is $21.46.

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. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm's revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on AMTM shares. Bank of America raised their target price on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. The Goldman Sachs Group raised their price objective on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a report on Monday. Truist Financial increased their target price on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada raised their price target on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Amentum has an average rating of "Hold" and an average price target 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.