Permian Investment Partners LP Purchases New Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• Permian Investment Partners acquired 1.43 million Amentum shares worth approximately $29.6 million, representing about 0.59% of the company and becoming its ninth-largest holding.
• Institutional ownership remains significant at 39.93%, with firms including Invesco, BlackRock, Primecap, State Street and Dimensional Fund Advisors holding or increasing sizable positions.
• Amentum’s latest quarterly earnings of $0.67 per share exceeded estimates, but revenue fell 2% year over year. Shares recently traded near $20.33, while analysts maintained a consensus “Hold” rating with a $29.18 price target.

Permian Investment Partners LP acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,433,028 shares of the company's stock, valued at approximately $29,620,689. Amentum makes up about 0.0% of Permian Investment Partners LP's holdings, making the stock its 9th largest holding. Permian Investment Partners LP owned about 0.59% of Amentum as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company's stock worth $529,698,000 after acquiring an additional 2,539,594 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Amentum in the second quarter valued at approximately $370,137,000. Primecap Management Co. CA acquired a new position in shares of Amentum in the 2nd quarter valued at $253,941,000. State Street Corp boosted its holdings in Amentum by 7.6% in the second quarter. State Street Corp now owns 7,078,249 shares of the company's stock worth $167,117,000 after purchasing an additional 501,898 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Amentum by 106.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company's stock worth $98,767,000 after buying an additional 1,954,494 shares in the last quarter. 39.93% of the stock is owned by institutional investors.

Amentum Stock Performance

AMTM stock traded down $0.10 during midday trading on Friday, hitting $20.33. The company's stock had a trading volume of 1,230,608 shares, compared to its average volume of 2,095,141. The stock's 50-day moving average price is $21.51 and its 200 day moving average price is $24.72. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 0.60 and a beta of 0.30. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum Holdings, Inc. has a 1 year low of $19.80 and a 1 year high of $38.11.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMTM. BTIG Research reduced their price target on shares of Amentum from $35.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Weiss Ratings cut shares of Amentum from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, June 23rd. The Goldman Sachs Group set a $24.00 target price on shares of Amentum in a research note on Thursday, August 20th. Morgan Stanley set a $24.00 target price on Amentum in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Amentum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Amentum currently has a consensus rating of "Hold" and a consensus price target of $29.18.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.

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