Amentum Holdings, Inc. (NYSE:AMTM) Stock Holdings Lifted by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 2,003.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,382 shares of the company's stock after buying an additional 120,373 shares during the quarter. Point72 Asset Management L.P. owned about 0.05% of Amentum worth $2,658,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC acquired a new stake in shares of Amentum in the fourth quarter valued at $409,000. New York State Common Retirement Fund lifted its holdings in shares of Amentum by 382.6% in the fourth quarter. New York State Common Retirement Fund now owns 378,952 shares of the company's stock valued at $7,969,000 after buying an additional 300,431 shares during the period. Yousif Capital Management LLC raised its position in shares of Amentum by 236.8% during the fourth quarter. Yousif Capital Management LLC now owns 48,770 shares of the company's stock worth $1,026,000 after purchasing an additional 34,291 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Amentum by 66.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock worth $26,587,000 after purchasing an additional 503,741 shares during the period. Finally, Red Spruce Capital LLC acquired a new stake in shares of Amentum during the fourth quarter worth $254,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. BTIG Research assumed coverage on Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price on the stock. The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price on the stock. Citizens Jmp assumed coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. Morgan Stanley assumed coverage on Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada set a $24.00 target price on Amentum and gave the stock a "sector perform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $25.38.

Amentum Price Performance

NYSE:AMTM traded down $0.65 during trading hours on Friday, hitting $20.56. 1,351,454 shares of the company's stock traded hands, compared to its average volume of 2,749,980. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock's fifty day moving average price is $19.70 and its two-hundred day moving average price is $21.31.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.