Northern Trust Corp Grows Stake in Amentum Holdings, Inc. $AMTM

Key Points

• Northern Trust Corp increased its stake in Amentum Holdings by 1.4%, acquiring an additional 12,204 shares, bringing its total ownership to 854,423 shares valued at approximately $15.55 million.
• Amentum Holdings has received several positive ratings from analysts, with a consensus price target of $27.30 and multiple firms setting target prices as high as $30.00.
• The company's recent earnings report showed an EPS of $0.56, exceeding expectations, though revenue of $2.23 billion fell short of analysts' forecasts of $3.51 billion.

Northern Trust Corp boosted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 854,423 shares of the company's stock after buying an additional 12,204 shares during the period. Northern Trust Corp owned approximately 0.35% of Amentum worth $15,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares in the last quarter. FNY Investment Advisers LLC increased its position 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 buying an additional 1,900 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Amentum by 382.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after buying an additional 2,178 shares in the last quarter. State of Wyoming increased its position in Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after buying an additional 833 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after buying an additional 1,383 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMTM shares. Truist Financial raised their price objective on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their target price on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Bank of America lifted their target price on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. JMP Securities reissued a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Finally, Royal Bank Of Canada lifted their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $27.30.

Amentum Stock Performance

Shares of AMTM stock traded up $0.07 on Friday, reaching $24.24. The stock had a trading volume of 1,251,105 shares, compared to its average volume of 1,274,510. The stock has a market cap of $5.90 billion and a P/E ratio of 62.15. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The company has a 50 day simple moving average of $24.79 and a 200 day simple moving average of $21.78.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm'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 expect that Amentum Holdings, Inc. will post 2.1 EPS 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.