65,540 Shares in Amentum Holdings, Inc. $AMTM Acquired by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP has invested approximately $1.19 million in Amentum Holdings, acquiring 65,540 shares of the company's stock.
• Amentum's stock has seen a considerable influx of institutional investment, with American Securities LLC acquiring a position worth $798.87 million, showcasing strong hedge fund interest.
• Recent analysis from equities analysts suggests a relatively positive outlook for Amentum, with multiple firms increasing their target prices, leading to a consensus target price of $27.30, despite a mixed rating distribution.

Kodai Capital Management LP 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 Securities and Exchange Commission. The fund acquired 65,540 shares of the company's stock, valued at approximately $1,193,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State of Wyoming lifted its holdings in shares of 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 buying an additional 833 shares during the period. Signaturefd LLC lifted its holdings in shares of Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares during the period. KBC Group NV lifted its holdings in shares of Amentum by 14.3% in the 1st quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after buying an additional 918 shares during the period. North Growth Management Ltd. lifted its holdings in shares of 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 buying an additional 1,000 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Amentum by 15.9% in the 1st quarter. Allworth Financial LP now owns 8,266 shares of the company's stock valued at $150,000 after buying an additional 1,133 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMTM shares. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Royal Bank Of Canada upped their price target on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target for the company. Bank of America upped their price target on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Finally, Truist Financial upped their price target on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Amentum has a consensus rating of "Hold" and a consensus target price of $27.30.

Amentum Price Performance

Shares of AMTM stock traded down $0.62 during trading hours on Thursday, reaching $24.23. The company had a trading volume of 377,183 shares, compared to its average volume of 2,176,849. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average of $24.78 and a 200-day moving average of $21.72. The company has a market capitalization of $5.90 billion and a price-to-earnings ratio of 62.13. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.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. On average, equities analysts anticipate 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.