Amentum Holdings, Inc. $AMTM Holdings Trimmed by Ruane Cunniff & Goldfarb L.P.

Key Points

• Ruane Cunniff & Goldfarb L.P. reduced its stake in Amentum Holdings, Inc. by 1.8%, selling 43,255 shares, and now owns approximately 2,393,039 shares valued at $43,553,000.
• Amentum has experienced significant interest from institutional investors, with 39.93% of its stock owned by them, including new stakes from American Securities LLC worth $798,869,000.
• Equities research analysts have varied ratings on Amentum, with five investment firms rating it as a "Buy" and a consensus price target set at $27.30.

Ruane Cunniff & Goldfarb L.P. lessened its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,393,039 shares of the company's stock after selling 43,255 shares during the period. Amentum accounts for about 0.8% of Ruane Cunniff & Goldfarb L.P.'s investment portfolio, making the stock its 19th biggest holding. Ruane Cunniff & Goldfarb L.P. owned 0.98% of Amentum worth $43,553,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. State of Wyoming raised its holdings in shares of Amentum by 43.3% during the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after buying an additional 833 shares during the last quarter. Signaturefd LLC raised its holdings in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares in the last quarter. KBC Group NV raised its holdings in Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company's stock worth $134,000 after purchasing an additional 918 shares in the last quarter. North Growth Management Ltd. raised its holdings in Amentum by 1.1% during the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock worth $1,669,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Amentum by 15.9% during the first quarter. Allworth Financial LP now owns 8,266 shares of the company's stock worth $150,000 after purchasing an additional 1,133 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Amentum stock traded down $0.35 during mid-day trading on Tuesday, hitting $23.74. The company's stock had a trading volume of 1,244,882 shares, compared to its average volume of 1,310,760. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $5.78 billion and a P/E ratio of 60.87. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50. The stock's fifty day moving average price is $24.80 and its two-hundred day moving average price is $21.82.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The business's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMTM shares. Royal Bank Of Canada boosted their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Bank of America boosted their target price on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Raymond James Financial reissued an "outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. JMP Securities reissued a "market outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Finally, Truist Financial boosted their target price on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. 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 company. According to MarketBeat.com, Amentum currently has a consensus rating of "Hold" and an average target price of $27.30.

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.