Freestone Capital Holdings LLC Makes New Investment 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 stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 40,027 shares of the company's stock, valued at approximately $728,000.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after acquiring an additional 916 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after acquiring an additional 1,900 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Amentum by 78.8% during the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after acquiring an additional 1,383 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Amentum by 382.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after acquiring an additional 2,178 shares during the last quarter. Finally, State of Wyoming raised its stake 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 acquiring an additional 833 shares during the last quarter. Institutional investors own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMTM shares. Citizens Jmp started coverage on shares of Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. Bank of America increased their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Truist Financial increased their price objective on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Raymond James Financial reiterated an "outperform" rating and set a $30.00 price objective on shares of Amentum in a research report on Monday. Finally, Royal Bank Of Canada increased their price objective on shares of 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus target price of $27.30.

Amentum Stock Up 2.7%

NYSE:AMTM traded up $0.6450 during trading hours on Friday, reaching $24.9150. The company had a trading volume of 813,253 shares, compared to its average volume of 1,579,045. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a market cap of $6.06 billion and a price-to-earnings ratio of 63.89. The business's 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $21.52. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. 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. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Amentum Company 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.