Wealth Enhancement Advisory Services LLC Boosts Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Wealth Enhancement Advisory Services LLC lifted its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 32.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,801 shares of the company's stock after purchasing an additional 37,057 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Amentum worth $2,763,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMTM. Principal Financial Group Inc. increased its holdings in Amentum by 313.6% during the fourth quarter. Principal Financial Group Inc. now owns 602,049 shares of the company's stock valued at $12,661,000 after buying an additional 456,475 shares during the last quarter. IFP Advisors Inc grew its position in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares during the period. Amalgamated Bank increased its stake in shares of Amentum by 51.1% in the 4th quarter. Amalgamated Bank now owns 38,610 shares of the company's stock worth $812,000 after purchasing an additional 13,053 shares in the last quarter. National Pension Service purchased a new stake in shares of Amentum in the 4th quarter worth $327,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in Amentum by 171.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,200 shares of the company's stock worth $614,000 after purchasing an additional 18,450 shares during the period. Institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

Shares of NYSE AMTM traded up $0.25 during mid-day trading on Tuesday, hitting $23.86. 1,406,678 shares of the company's stock traded hands, compared to its average volume of 2,726,492. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The company's 50-day moving average is $21.80 and its two-hundred day moving average is $20.63.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Truist Financial reduced their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citizens Jmp started coverage on Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price for the company. Bank of America began coverage on shares of Amentum in a report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus price target of $25.22.

Amentum 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.