The Manufacturers Life Insurance Company Purchases Shares of 273,618 Amentum Holdings, Inc. $AMTM

Key Points

• The Manufacturers Life Insurance Company acquired 273,618 Amentum shares worth approximately $1.12 million, representing about 0.11% of the company. Institutional investors and hedge funds collectively own 39.93% of Amentum.
• Amentum reported quarterly EPS of $0.67, beating analyst expectations of $0.61, while revenue of $3.49 billion fell short of estimates and declined 2% year over year.
• AMTM opened at $20.11, near its 52-week low, and analysts maintain a consensus “Hold” rating with an average price target of $29.18.

The Manufacturers Life Insurance Company bought a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 273,618 shares of the company's stock, valued at approximately $1,118,000. The Manufacturers Life Insurance Company owned about 0.11% of Amentum as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMTM. Los Angeles Capital Management LLC acquired a new position in shares of Amentum in the 4th quarter worth approximately $26,000. Western Wealth Management LLC acquired a new stake in Amentum during the 1st quarter valued at $33,000. NFSG Corp bought a new position in Amentum in the 1st quarter valued at $35,000. Global Retirement Partners LLC bought a new position in Amentum in the 2nd quarter valued at $31,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Amentum in the fourth quarter worth $48,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

AMTM opened at $20.11 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 0.58 and a beta of 0.26. Amentum Holdings, Inc. has a 1 year low of $19.80 and a 1 year high of $38.11. The business's 50-day moving average price is $21.44 and its two-hundred day moving average price is $24.28.

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, beating analysts' consensus estimates of $0.61 by $0.06. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.Amentum's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities analysts expect that Amentum Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMTM. Royal Bank Of Canada lowered their price target on shares of Amentum from $28.00 to $26.00 and set a "sector perform" rating for the company in a report on Wednesday, August 12th. Wall Street Zen upgraded Amentum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. BNP Paribas Exane assumed coverage on Amentum in a research note on Tuesday, May 26th. They issued an "underperform" rating and a $22.00 price target for the company. BTIG Research cut their price target on shares of Amentum from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Amentum in a research note on Thursday, August 20th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $29.18.

About Amentum

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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