Vanguard Group Inc. Sells 199,887 Shares of Amentum Holdings, Inc. $AMTM

Key Points

• Vanguard Group Inc. has reduced its stake in Amentum Holdings, Inc. by 1.2%, owning approximately 16.34 million shares worth $297.4 million as of its latest SEC filing.
• Despite Vanguard's reduction, other institutional investors such as Natixis Advisors and Allianz Asset Management have increased their stakes, suggesting growing confidence in Amentum.
• Amentum reported quarterly earnings of $0.56 per share, surpassing estimates, but its revenue of $2.23 billion fell short of analyst expectations of $3.51 billion.

Vanguard Group Inc. lessened its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,342,560 shares of the company's stock after selling 199,887 shares during the period. Vanguard Group Inc. owned about 6.72% of Amentum worth $297,435,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Wyoming boosted its stake in shares of Amentum by 43.3% during the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after acquiring an additional 833 shares in the last quarter. Signaturefd LLC increased its stake in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares during the period. KBC Group NV increased its stake in Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after acquiring an additional 918 shares during the period. North Growth Management Ltd. increased its stake in Amentum by 1.1% during the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after acquiring an additional 1,000 shares during the period. Finally, Allworth Financial LP increased its stake in Amentum by 15.9% during the first quarter. Allworth Financial LP now owns 8,266 shares of the company's stock valued at $150,000 after acquiring an additional 1,133 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Performance

Amentum stock traded up $0.23 during midday trading on Thursday, reaching $24.38. 278,775 shares of the company's stock were exchanged, compared to its average volume of 2,236,983. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $5.93 billion and a price-to-earnings ratio of 62.50. The stock's 50-day simple moving average is $24.26 and its 200 day simple moving average is $21.46.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data 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 company 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 business's quarterly revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Truist Financial boosted their target price on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America raised their target price on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. JMP Securities reissued a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday. Finally, Raymond James Financial reissued an "outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.30.

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.