New York State Common Retirement Fund Has $11.14 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

New York State Common Retirement Fund lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 61.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 611,787 shares of the company's stock after buying an additional 232,835 shares during the period. New York State Common Retirement Fund owned 0.25% of Amentum worth $11,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMTM. Principal Financial Group Inc. grew its holdings in Amentum by 18.3% during the 1st 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 in the last quarter. Amalgamated Bank grew its holdings in Amentum by 12.3% during the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company's stock valued at $789,000 after purchasing an additional 4,756 shares in the last quarter. KBC Group NV grew its holdings in Amentum by 14.3% during the 1st quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after purchasing an additional 918 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Amentum during the 1st quarter worth $615,000. Finally, New York State Teachers Retirement System grew its holdings in Amentum by 11.6% during the 1st quarter. New York State Teachers Retirement System now owns 138,486 shares of the company's stock worth $2,520,000 after acquiring an additional 14,364 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Down 0.9%

AMTM stock traded down $0.22 during trading hours on Monday, hitting $25.02. The company's stock had a trading volume of 800,710 shares, compared to its average volume of 2,647,039. 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 Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47. The stock has a 50 day moving average price of $22.52 and a two-hundred day moving average price of $20.96.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. Analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMTM shares. Truist Financial reduced their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Bank of America started coverage on shares of Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 price target on the stock. Royal Bank Of Canada set a $24.00 price target on shares of Amentum and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st. Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. Finally, Citizens Jmp began coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Amentum has an average rating of "Hold" and a consensus price target of $25.22.

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.