188,283 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Bought by Hudson Value Partners LLC

Hudson Value Partners LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 188,283 shares of the company's stock, valued at approximately $3,427,000. Amentum accounts for approximately 1.3% of Hudson Value Partners LLC's holdings, making the stock its 28th biggest position. Hudson Value Partners LLC owned 0.08% of Amentum at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its position in shares of Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after buying an additional 675 shares during the period. EverSource Wealth Advisors LLC raised its position in Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after purchasing an additional 730 shares during the last quarter. IFP Advisors Inc raised its position in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. State of Wyoming raised its position in Amentum by 43.3% in 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 during the last quarter. Finally, North Growth Management Ltd. raised its position in Amentum by 1.1% in the 1st quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Stock Up 3.9%

Shares of AMTM stock traded up $0.91 on Thursday, reaching $24.07. 2,754,362 shares of the stock were exchanged, compared to its average volume of 2,740,563. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The stock has a 50 day moving average price of $21.51 and a 200 day moving average price of $20.65.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMTM has been the subject of several research analyst reports. Royal Bank Of Canada set a $24.00 price objective on Amentum and gave the company a "sector perform" rating in a research report on Wednesday, May 21st. Morgan Stanley initiated coverage on Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price objective for the company. Citizens Jmp initiated coverage on Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. BTIG Research initiated coverage on Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.22.

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.