Leavell Investment Management Inc. Buys Shares of 11,614 Amentum Holdings, Inc. (NYSE:AMTM)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank purchased a new stake in Amentum during the 4th quarter valued at approximately $30,000. Horizon Investments LLC purchased a new stake in Amentum during the 4th quarter valued at approximately $36,000. FNY Investment Advisers LLC raised its stake in Amentum by 380.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after acquiring an additional 1,900 shares during the last quarter. National Bank of Canada FI raised its stake in Amentum by 31,328.6% during the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after acquiring an additional 2,193 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in Amentum during the 4th quarter valued at approximately $52,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMTM has been the subject of several analyst reports. BTIG Research initiated coverage on Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective for the company. Citizens Jmp initiated coverage on Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective for the company. Royal Bank Of Canada set a $24.00 price objective on Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. Finally, Bank of America started coverage on Amentum in a research note on Tuesday, June 10th. They set a "neutral" rating and a $24.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.22.

Amentum Trading Up 2.2%

Shares of AMTM stock traded up $0.53 during trading hours on Wednesday, reaching $24.27. 1,051,043 shares of the company's stock were exchanged, compared to its average volume of 2,657,250. The company's 50 day moving average is $22.29 and its two-hundred day moving average is $20.89. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share 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.