First Manhattan CO. LLC. Buys New Position in Amentum Holdings, Inc. (NYSE:AMTM)

First Manhattan CO. LLC. bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,602 shares of the company's stock, valued at approximately $370,000.

Several other large investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its holdings in Amentum by 38.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 119,936 shares of the company's stock valued at $2,522,000 after purchasing an additional 33,546 shares in the last quarter. Centiva Capital LP purchased a new position in Amentum during the fourth quarter valued at approximately $2,190,000. Captrust Financial Advisors lifted its holdings in Amentum by 5.9% during the fourth quarter. Captrust Financial Advisors now owns 25,856 shares of the company's stock valued at $544,000 after purchasing an additional 1,445 shares in the last quarter. Baker Avenue Asset Management LP purchased a new position in Amentum during the fourth quarter valued at approximately $520,000. Finally, Algert Global LLC purchased a new position in Amentum during the fourth quarter valued at approximately $1,195,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

Shares of AMTM opened at $21.12 on Monday. The company's fifty day moving average is $19.14 and its 200 day moving average is $21.81. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. On average, analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amentum

In other news, Director Barbara Loughran acquired 4,600 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company's stock, valued at approximately $97,658. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. The trade was a 19.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AMTM shares. BTIG Research started coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Truist Financial lowered their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Finally, Morgan Stanley started coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $24.71.

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.

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