Louisiana State Employees Retirement System Has $1.67 Million Stock Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• The Louisiana State Employees Retirement System increased its holdings in Amentum Holdings, Inc. by 20.7% during the second quarter, now owning 70,500 shares worth approximately $1.67 million.
• Amentum's shares have received positive ratings from analysts, with six analysts rating it a Buy, indicating a consensus price target of $28.55.
• The company reported 66.2% year-over-year revenue growth for the last quarter, generating $2.23 billion despite falling short of analyst estimates.

Louisiana State Employees Retirement System boosted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 20.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,500 shares of the company's stock after purchasing an additional 12,100 shares during the period. Louisiana State Employees Retirement System's holdings in Amentum were worth $1,665,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Amentum during the first quarter valued at approximately $5,238,000. Principal Financial Group Inc. boosted its position in Amentum by 18.3% during the first quarter. Principal Financial Group Inc. now owns 712,172 shares of the company's stock valued at $12,962,000 after purchasing an additional 110,123 shares during the last quarter. Amalgamated Bank boosted its position in Amentum by 12.3% during the first quarter. Amalgamated Bank now owns 43,366 shares of the company's stock valued at $789,000 after purchasing an additional 4,756 shares during the last quarter. KBC Group NV boosted its position in Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after purchasing an additional 918 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Amentum during the first quarter valued at approximately $615,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMTM has been the topic of several research analyst reports. JMP Securities restated a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. JPMorgan Chase & Co. initiated coverage on Amentum in a research note on Thursday. They issued a "neutral" rating and a $30.00 price objective on the stock. Raymond James Financial restated an "outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Bank of America upped their price objective on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada upped their price objective on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Amentum has a consensus rating of "Hold" and an average price target of $28.55.

Amentum Price Performance

Shares of NYSE AMTM opened at $23.34 on Friday. The firm has a market cap of $5.68 billion and a P/E ratio of 59.85. 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 Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. The business's 50 day moving average is $24.35 and its 200-day moving average is $22.59.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion for 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 company's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities research analysts predict 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.

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