Washington Trust Advisors Inc. decreased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,846 shares of the company's stock after selling 26,394 shares during the quarter. Washington Trust Advisors Inc.'s holdings in Amentum were worth $980,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Amentum by 66.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock worth $26,587,000 after acquiring an additional 503,741 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Amentum in the 1st quarter valued at $615,000. Mutual of America Capital Management LLC purchased a new position in Amentum in the 4th quarter worth about $395,000. Finally, Rhumbline Advisers increased its stake in Amentum by 5.1% in the 1st quarter. Rhumbline Advisers now owns 310,103 shares of the company's stock worth $5,644,000 after purchasing an additional 14,919 shares in the last quarter. Institutional investors own 39.93% of the company's stock.
Amentum Price Performance
Shares of NYSE:AMTM traded up $0.03 during midday trading on Thursday, hitting $24.33. 814,090 shares of the stock were exchanged, compared to its average volume of 2,709,098. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. The business's fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $20.66.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have commented on AMTM shares. Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America started coverage on Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 target price for the company. Finally, Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $25.22.
Read Our Latest Research Report on AMTM
Amentum Profile
(
Free Report)
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.
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