New York State Teachers Retirement System Buys 14,364 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

New York State Teachers Retirement System boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,486 shares of the company's stock after buying an additional 14,364 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of Amentum worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Amentum by 66.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock worth $26,587,000 after purchasing an additional 503,741 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Amentum during the first quarter valued at about $615,000. Mutual of America Capital Management LLC purchased a new stake in Amentum during the fourth quarter valued at about $395,000. Rhumbline Advisers boosted its position in Amentum by 5.1% during the first quarter. Rhumbline Advisers now owns 310,103 shares of the company's stock valued at $5,644,000 after buying an additional 14,919 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Amentum by 32.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 151,801 shares of the company's stock worth $2,763,000 after purchasing an additional 37,057 shares during the period. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of analyst reports. Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price for the company. BTIG Research began coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price for the company. Finally, Truist Financial lowered their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and a consensus target price of $25.22.

Amentum Price Performance

AMTM traded up $0.03 on Tuesday, hitting $24.23. The company had a trading volume of 2,005,655 shares, compared to its average volume of 2,408,665. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The stock has a fifty day simple moving average of $22.04 and a 200-day simple moving average of $20.73. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.