RFG Advisory LLC Takes $2.41 Million Position in Amentum Holdings, Inc. $AMTM

Key Points

• RFG Advisory LLC has acquired a stake in Amentum Holdings, Inc., purchasing 102,171 shares valued at approximately $2.41 million during the second quarter.
• Many institutional investors, including Wesbanco Bank and UMB Bank, increased their stakes in Amentum, with hedge funds and institutions now owning 39.93% of the company's stock.
• Analysts have varying ratings on Amentum, with the stock currently having a consensus rating of "Hold" and an average price target of $28.55; however, earnings per share guidance for FY 2025 is set at 2.050-2.200 EPS.

RFG Advisory LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,171 shares of the company's stock, valued at approximately $2,412,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wesbanco Bank Inc. boosted its stake in shares of Amentum by 1.7% in the second quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company's stock valued at $578,000 after purchasing an additional 416 shares during the period. UMB Bank n.a. boosted its stake in shares of Amentum by 11.6% in the second quarter. UMB Bank n.a. now owns 4,121 shares of the company's stock valued at $97,000 after purchasing an additional 430 shares during the period. Signaturefd LLC boosted its stake in shares of Amentum by 27.0% in the second quarter. Signaturefd LLC now owns 2,241 shares of the company's stock valued at $53,000 after purchasing an additional 477 shares during the period. Intrinsic Value Partners LLC boosted its stake in shares of Amentum by 5.0% in the second quarter. Intrinsic Value Partners LLC now owns 16,679 shares of the company's stock valued at $394,000 after purchasing an additional 791 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Amentum by 3.7% in the second quarter. Truist Financial Corp now owns 22,516 shares of the company's stock valued at $532,000 after purchasing an additional 794 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMTM shares. Raymond James Financial reiterated an "outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. JPMorgan Chase & Co. started coverage on shares of Amentum in a research note on Thursday, October 9th. They issued a "neutral" rating and a $30.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Amentum in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald upgraded shares of Amentum from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $25.00 to $35.00 in a research note on Thursday, September 25th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.55.

Amentum Stock Down 1.7%

Shares of NYSE:AMTM opened at $23.04 on Thursday. The company has a market capitalization of $5.61 billion and a PE ratio of 59.08. 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 twelve month low of $16.01 and a twelve month high of $34.47. The firm has a 50 day simple moving average of $24.25 and a 200-day simple moving average of $22.67.

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