188,283 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired 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 first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 188,283 shares of the company's stock, valued at approximately $3,427,000. Amentum comprises about 1.3% of Hudson Value Partners LLC's holdings, making the stock its 28th largest 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 bought and sold shares of the company. Huntington National Bank acquired a new stake in shares of Amentum during the 4th quarter worth approximately $30,000. IFP Advisors Inc grew its holdings in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the period. Horizon Investments LLC acquired a new stake in Amentum in the fourth quarter worth $36,000. FNY Investment Advisers LLC increased its stake in Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after purchasing an additional 1,900 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Amentum by 31,328.6% during the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after purchasing an additional 2,193 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank Of Canada set a $24.00 target price on Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Truist Financial decreased their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. BTIG Research initiated coverage on Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.22.

Amentum Stock Up 2.0%

Shares of AMTM stock traded up $0.43 on Tuesday, hitting $22.34. The stock had a trading volume of 1,159,319 shares, compared to its average volume of 2,739,551. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. The business has a 50 day moving average of $21.31 and a 200 day moving average of $20.63. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS 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.