Strategic Global Advisors LLC Takes Position in Amentum Holdings, Inc. $AMTM

Key Points

• Strategic Global Advisors initiated a position in Amentum, buying 99,103 shares valued at approximately $2.05 million. Institutional investors and hedge funds collectively own 39.93% of the company.
• Analyst sentiment remains mixed: Amentum has a consensus rating of “Hold” from 13 analysts, with an average price target of $29.18. Recent target changes included Truist lowering its target to $35 and JPMorgan reducing its target to $26.
• Amentum reported quarterly EPS of $0.67, beating estimates of $0.61, while revenue of $3.49 billion fell short of expectations and declined 2% year over year. Shares opened at $20.56, near the company’s one-year low of $19.80.

Strategic Global Advisors LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 99,103 shares of the company's stock, valued at approximately $2,048,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Amentum during the second quarter worth about $370,137,000. Bank of America Corp DE grew its position in shares of Amentum by 107.8% in the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company's stock valued at $62,723,000 after purchasing an additional 1,247,614 shares during the last quarter. Troluce Capital Advisors LLC acquired a new stake in shares of Amentum in the first quarter valued at approximately $26,080,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Amentum during the 2nd quarter worth approximately $2,924,000. Finally, Hudson Value Partners LLC increased its stake in shares of Amentum by 22.7% during the 2nd quarter. Hudson Value Partners LLC now owns 250,185 shares of the company's stock worth $5,171,000 after purchasing an additional 46,275 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMTM. Truist Financial reaffirmed a "buy" rating and issued a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Zacks Research downgraded Amentum from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Morgan Stanley set a $24.00 price target on Amentum in a report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price objective on Amentum from $31.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, August 17th. Finally, The Goldman Sachs Group set a $24.00 price objective on Amentum in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Amentum presently has a consensus rating of "Hold" and an average price target of $29.18.

Amentum Stock Performance

Shares of AMTM opened at $20.56 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 0.59 and a beta of 0.30. The company's 50 day simple moving average is $21.54 and its 200 day simple moving average is $24.84. Amentum Holdings, Inc. has a 1 year low of $19.80 and a 1 year high of $38.11.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. Amentum's revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.38 EPS for the current year.

Amentum Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.

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