Vident Advisory LLC Increases Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• Vident Advisory LLC significantly increased its stake in Amentum Holdings by 1,818.7%, now owning approximately 0.12% of the company valued at $5.33 million.
• Amentum reported **$0.56 EPS** for the last quarter, exceeding estimates by $0.03, despite revenue of $2.23 billion falling short of predictions.
• Several analysts have raised their target prices for Amentum, with a consensus price target of **$27.30** and a mix of "Buy," "Hold," and "Sell" ratings among analysts.

Vident Advisory LLC grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 1,818.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,857 shares of the company's stock after acquiring an additional 277,594 shares during the quarter. Vident Advisory LLC owned about 0.12% of Amentum worth $5,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have 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 during the last quarter. Signaturefd LLC lifted its holdings in shares of Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after buying an additional 916 shares during the period. KBC Group NV lifted its holdings in shares of Amentum by 14.3% in the 1st quarter. KBC Group NV now owns 7,339 shares of the company's stock worth $134,000 after buying an additional 918 shares during the period. North Growth Management Ltd. lifted its stake in shares of Amentum by 1.1% during the 1st quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock worth $1,669,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Amentum by 15.9% during the 1st quarter. Allworth Financial LP now owns 8,266 shares of the company's stock valued at $150,000 after purchasing an additional 1,133 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America increased their price objective on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Truist Financial increased their price target on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price target on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Citizens Jmp started coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price target on the stock. Finally, JMP Securities reiterated a "market outperform" rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.30.

Amentum Trading Down 0.7%

Amentum stock traded down $0.18 during trading on Wednesday, reaching $24.80. 1,096,538 shares of the company were exchanged, compared to its average volume of 2,187,797. The stock's 50 day simple moving average is $24.74 and its two-hundred day simple moving average is $21.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $6.04 billion and a P/E ratio of 63.60. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last announced its 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. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. The business's revenue for the quarter 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, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

About Amentum

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.