287,801 Shares in Amentum Holdings, Inc. $AMTM Purchased 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 bought a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 287,801 shares of the company's stock, valued at approximately $5,238,000. Nuveen LLC owned approximately 0.12% of Amentum as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Wyoming lifted its position in Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after buying an additional 833 shares in the last quarter. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 916 shares in the last quarter. KBC Group NV raised its holdings in shares of 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. North Growth Management Ltd. raised its holdings in shares of Amentum by 1.1% during the 1st quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Amentum by 15.9% in the 1st quarter. Allworth Financial LP now owns 8,266 shares of the company's stock valued at $150,000 after buying an additional 1,133 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Up 0.2%

Shares of AMTM stock traded up $0.05 during trading hours on Thursday, hitting $25.22. 1,301,634 shares of the company were exchanged, compared to its average volume of 1,517,423. The business has a 50 day moving average of $24.57 and a two-hundred day moving average of $21.59. 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 52 week low of $16.01 and a 52 week high of $34.50. The company has a market capitalization of $6.14 billion and a PE ratio of 12.28.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMTM shares. Royal Bank Of Canada raised their target price on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. Bank of America raised their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. The Goldman Sachs Group lifted their price target on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Truist Financial lifted their price target on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Five investment 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 data from MarketBeat.com, Amentum has a consensus rating of "Hold" and an average price target of $27.30.

Amentum 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.