State of Alaska Department of Revenue Boosts Stock Holdings in Amentum Holdings, Inc. $AMTM

State of Alaska Department of Revenue boosted its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,832 shares of the company's stock after purchasing an additional 10,487 shares during the period. State of Alaska Department of Revenue's holdings in Amentum were worth $2,120,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new position in Amentum in the first quarter valued at approximately $30,000. Signaturefd LLC lifted its stake in Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after purchasing an additional 1,900 shares during the last quarter. GAMMA Investing LLC lifted its stake in Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after purchasing an additional 1,383 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley upped their price objective on Amentum from $19.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, September 18th. Cantor Fitzgerald raised shares of Amentum from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $25.00 to $35.00 in a report on Thursday, September 25th. The Goldman Sachs Group boosted their target price 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 boosted their target price 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. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.40.

Amentum Trading Down 0.1%

Amentum stock opened at $25.15 on Friday. The stock has a market cap of $6.12 billion and a P/E ratio of 64.48. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The firm's fifty day moving average price is $24.34 and its 200-day moving average price is $22.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. 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. Equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.