Leavell Investment Management Inc. Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Leavell Investment Management Inc. bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 11,614 shares of the company's stock, valued at approximately $211,000.

Several other institutional investors also recently modified their holdings of AMTM. Kovitz Investment Group Partners LLC grew its position in shares of Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after buying an additional 14,652,319 shares during the period. Invesco Ltd. grew its position in shares of Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after buying an additional 6,055,638 shares during the period. Cooper Creek Partners Management LLC lifted its holdings in shares of Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after purchasing an additional 3,319,364 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after purchasing an additional 2,529,173 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amentum during the 4th quarter valued at about $30,286,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMTM. Bank of America began coverage on Amentum in a report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective on the stock. Royal Bank Of Canada set a $24.00 price objective on Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. Morgan Stanley began coverage on Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. The Goldman Sachs Group began coverage on Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective on the stock. Finally, BTIG Research began coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $25.22.

Amentum Stock Performance

NYSE AMTM traded up $0.11 during trading on Monday, hitting $23.79. The stock had a trading volume of 199,165 shares, compared to its average volume of 2,364,592. The company's 50-day moving average price is $22.21 and its two-hundred day moving average price is $20.84. 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 12 month low of $16.01 and a 12 month high of $34.50.

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