Shufro Rose & Co. LLC Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Shufro Rose & Co. LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,644 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in Amentum by 9.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after purchasing an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after acquiring an additional 730 shares during the period. IFP Advisors Inc increased its stake in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares during the period. State of Wyoming raised its holdings in Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after acquiring an additional 833 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its position in shares of Amentum by 4.3% in the 4th quarter. Investment Management Corp of Ontario now owns 28,214 shares of the company's stock worth $593,000 after acquiring an additional 1,158 shares during the period. Institutional investors own 39.93% of the company's stock.

Amentum Trading Up 1.5%

Shares of NYSE AMTM traded up $0.30 during mid-day trading on Friday, hitting $20.66. 5,625,171 shares of the stock were exchanged, compared to its average volume of 2,745,850. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The stock's fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $20.87. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of recent research reports. Citizens Jmp began coverage on shares of Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. Truist Financial cut their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. Royal Bank of Canada set a $24.00 target price on Amentum and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Finally, Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.38.

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.