287,801 Shares in Amentum Holdings, Inc. $AMTM Acquired by Nuveen LLC

Key Points

• Nuveen LLC has made a significant investment, acquiring over 287,000 shares of Amentum Holdings, Inc. for approximately $5.24 million, representing about 0.12% ownership in the company.
• Amentum recently reported a quarterly earnings per share (EPS) of $0.56, exceeding expectations and showing a 66.2% increase in revenue year-over-year, though the total revenue fell short of consensus estimates.
• Five research analysts have rated Amentum stock as a "Buy", with an average price target of $27.30, indicating positive growth expectations even amid varied performance metrics.

Nuveen LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 287,801 shares of the company's stock, valued at approximately $5,238,000. Nuveen LLC owned approximately 0.12% of Amentum at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMTM. American Securities LLC bought a new position in shares of Amentum in the first quarter valued at approximately $798,869,000. Primecap Management Co. CA boosted its holdings in shares of Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock valued at $183,121,000 after acquiring an additional 3,647,210 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after acquiring an additional 1,398,143 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Amentum by 467.1% in the fourth quarter. Northern Trust Corp now owns 842,219 shares of the company's stock valued at $17,712,000 after acquiring an additional 693,706 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

NYSE:AMTM traded down $0.31 during trading hours on Friday, reaching $24.94. 1,138,651 shares of the company's stock were exchanged, compared to its average volume of 1,476,262. The company has a market capitalization of $6.07 billion and a P/E ratio of 63.95. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The business's 50-day simple moving average is $24.63 and its two-hundred day simple moving average is $21.64.

Amentum (NYSE:AMTM - Get Free Report) last issued 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. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. The firm's revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. 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. Raymond James Financial restated an "outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. JMP Securities restated a "market outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Finally, Truist Financial raised their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.30.

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.