Amentum Holdings, Inc. $AMTM Shares Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. grew its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 111.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 180,572 shares of the company's stock after acquiring an additional 95,010 shares during the period. Raymond James Financial Inc. owned about 0.07% of Amentum worth $3,286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in AMTM. American Securities LLC acquired a new position in shares of Amentum in the first quarter valued at approximately $798,869,000. Primecap Management Co. CA grew 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 purchasing an additional 3,647,210 shares in the last quarter. Invesco Ltd. grew 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 purchasing an additional 3,334,871 shares in the last quarter. Wellington Management Group LLP grew 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 purchasing an additional 1,398,143 shares in the last quarter. Finally, Northern Trust Corp grew 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 purchasing an additional 693,706 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Down 0.4%

Shares of Amentum stock traded down $0.10 during trading hours on Friday, hitting $23.85. The company had a trading volume of 991,441 shares, compared to its average volume of 1,216,504. The company's 50-day moving average is $24.77 and its two-hundred day moving average is $21.89. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $5.80 billion and a P/E ratio of 61.16.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. The company's revenue was up 66.2% on a year-over-year basis. 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

Several research analysts have commented on AMTM shares. Royal Bank Of Canada boosted their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Raymond James Financial reiterated an "outperform" rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. The Goldman Sachs Group boosted their price target on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Truist Financial boosted their price target on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Bank of America boosted their price target on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.30.

Amentum Company 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.