Seven Grand Managers LLC Invests $1.82 Million in Amentum Holdings, Inc. $AMTM

Key Points

• Seven Grand Managers LLC has acquired 100,000 shares of Amentum Holdings, Inc., valued at approximately $1.82 million, indicating growing institutional interest in the company during the 1st quarter.
• Amentum's stock has seen fluctuations, currently priced at $25.44, with a recent 4.1% decline and analysts maintaining a consensus rating of "Hold" along with a target price of $27.00.
• Despite reporting earnings of $0.56 per share that exceeded expectations, Amentum's revenue of $2.23 billion fell short of the consensus estimate of $3.51 billion.

Seven Grand Managers LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the company's stock, valued at approximately $1,820,000.

Several other institutional investors have also recently bought and sold shares of AMTM. Russell Investments Group Ltd. raised its stake in Amentum by 62.2% during the fourth quarter. Russell Investments Group Ltd. now owns 125,538 shares of the company's stock worth $2,641,000 after acquiring an additional 48,147 shares in the last quarter. Bank of Montreal Can acquired a new position in Amentum during the fourth quarter worth about $1,256,000. Treasurer of the State of North Carolina raised its stake in Amentum by 4.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 57,093 shares of the company's stock worth $1,201,000 after acquiring an additional 2,620 shares in the last quarter. Barclays PLC raised its stake in Amentum by 6.2% during the fourth quarter. Barclays PLC now owns 169,651 shares of the company's stock worth $3,568,000 after acquiring an additional 9,838 shares in the last quarter. Finally, Keeley Teton Advisors LLC bought a new position in Amentum in the 4th quarter valued at approximately $373,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analyst Weigh In

AMTM has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Royal Bank Of Canada raised their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Truist Financial raised their price objective on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, JMP Securities reiterated a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Amentum presently has an average rating of "Hold" and an average price target of $27.30.

Amentum Trading Down 1.1%

NYSE:AMTM traded down $0.2650 on Wednesday, reaching $24.1050. 393,629 shares of the stock traded hands, compared to its average volume of 2,242,460. The firm has a market capitalization of $5.87 billion and a price-to-earnings ratio of 61.76. The company's 50 day moving average is $24.22 and its 200-day moving average is $21.44. 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 1-year low of $16.01 and a 1-year high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates 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 business'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. Equities research analysts anticipate 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.