Amentum Holdings, Inc. $AMTM Stock Holdings Boosted by Keeley Teton Advisors LLC

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its position in Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares during the period. FNY Investment Advisers LLC grew its stake in shares of 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 buying an additional 1,900 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Amentum by 78.8% in the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock worth $57,000 after acquiring an additional 1,383 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Amentum by 382.1% in 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 in 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 purchasing an additional 833 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Down 1.2%

NYSE:AMTM traded down $0.31 during mid-day trading on Monday, reaching $24.94. The stock had a trading volume of 1,138,651 shares, compared to its average volume of 1,476,262. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $6.07 billion and a price-to-earnings ratio of 63.95. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.50. The stock's 50 day simple moving average is $24.63 and its two-hundred day simple moving average is $21.64.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. The firm's revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America upped their target price on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upped their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Citizens Jmp assumed coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. Raymond James Financial reissued an "outperform" rating and issued a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Finally, The Goldman Sachs Group lifted their price objective on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus target price of $27.30.

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.