PFG Investments LLC Makes New Investment in Amentum Holdings, Inc. $AMTM

Key Points

• PFG Investments LLC has acquired 11,283 shares of Amentum Holdings, Inc. valued at approximately $266,000 in the second quarter.
• Analysts have mixed ratings on Amentum, with price targets ranging from $20.00 to $30.00, indicating potential for growth as well as a cautious outlook.
• Amentum's stock is currently trading at $25.93, having increased by 3.1%, with a market capitalization of $6.31 billion and a notable revenue increase of 66.2% year-over-year.

PFG Investments LLC acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,283 shares of the company's stock, valued at approximately $266,000.

A number of other institutional investors have also added to or reduced their stakes in AMTM. GAMMA Investing LLC raised its holdings in Amentum by 3,155.0% in the first quarter. GAMMA Investing LLC now owns 57,093 shares of the company's stock worth $1,039,000 after purchasing an additional 55,339 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of 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 acquiring an additional 14,919 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 valued at $2,763,000 after acquiring an additional 37,057 shares in the last quarter. ABS Direct Equity Fund LLC bought a new position in shares of Amentum during the first quarter valued at $592,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Amentum during the first quarter valued at $615,000. Institutional investors own 39.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial raised their price target on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley raised their price target on Amentum from $19.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, September 18th. Bank of America raised their price target on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Weiss Ratings restated a "sell (d+)" rating on shares of Amentum in a report on Saturday, September 27th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.40.

Amentum Trading Up 3.1%

Amentum stock opened at $25.93 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The stock has a market capitalization of $6.31 billion and a PE ratio of 66.48. The business's fifty day moving average is $24.35 and its 200 day moving average is $22.41.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, sell-side analysts predict 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.

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