Keeley Teton Advisors LLC Acquires 110,324 Shares of Amentum Holdings, Inc. $AMTM

Key Points

• Keeley Teton Advisors LLC increased its stake in Amentum Holdings, Inc. by 621.3% in the first quarter, owning 128,081 shares valued at $2,331,000.
• Amentum reported earnings of $0.56 per share, exceeding the consensus estimate of $0.53, and had a revenue of $2.23 billion for the quarter, compared to expectations of $3.51 billion.
• Wall Street analysts have mixed ratings on Amentum, with a consensus price target of $27.30, showing a range of recommendations from buy to hold.

Keeley Teton Advisors LLC boosted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 621.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,081 shares of the company's stock after acquiring an additional 110,324 shares during the period. Keeley Teton Advisors LLC owned 0.05% of Amentum worth $2,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank lifted its position in Amentum by 409.8% during the 1st quarter. Comerica Bank now owns 248,718 shares of the company's stock worth $4,527,000 after acquiring an additional 199,931 shares during the last quarter. Penn Capital Management Company LLC lifted its position in Amentum by 99.3% during the 1st quarter. Penn Capital Management Company LLC now owns 889,434 shares of the company's stock worth $16,231,000 after acquiring an additional 443,126 shares during the last quarter. Monashee Investment Management LLC acquired a new position in Amentum during the 1st quarter worth $6,552,000. Voss Capital LP lifted its position in Amentum by 393.7% during the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock worth $40,417,000 after acquiring an additional 1,770,891 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Amentum during the 1st quarter worth $516,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMTM shares. Bank of America boosted their target price 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. JMP Securities reaffirmed a "market outperform" rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Royal Bank Of Canada lifted their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. The Goldman Sachs Group upped their price target on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Citizens Jmp assumed coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.30.

Amentum Price Performance

NYSE AMTM traded down $0.31 on Friday, reaching $24.94. The company's stock had a trading volume of 1,138,651 shares, compared to its average volume of 1,496,172. The firm has a market cap of $6.07 billion and a PE ratio of 63.95. The business has a 50-day moving average price of $24.63 and a 200 day moving average price of $21.63. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. 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 (NYSE:AMTM - Get Free Report) last posted 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 for 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 company's revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.