Focus Partners Wealth Has $4.23 Million Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Focus Partners Wealth lessened its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,344 shares of the company's stock after selling 73,796 shares during the quarter. Focus Partners Wealth owned approximately 0.08% of Amentum worth $4,234,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Foundations Investment Advisors LLC bought a new stake in shares of Amentum during the 4th quarter valued at $409,000. New York State Common Retirement Fund grew its stake in shares of Amentum by 382.6% during the fourth quarter. New York State Common Retirement Fund now owns 378,952 shares of the company's stock worth $7,969,000 after purchasing an additional 300,431 shares during the period. Yousif Capital Management LLC increased its holdings in Amentum by 236.8% in the fourth quarter. Yousif Capital Management LLC now owns 48,770 shares of the company's stock valued at $1,026,000 after purchasing an additional 34,291 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Amentum by 66.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock valued at $26,587,000 after buying an additional 503,741 shares during the period. Finally, Red Spruce Capital LLC acquired a new position in Amentum in the fourth quarter valued at about $254,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citizens Jmp began coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target for the company. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price on the stock. Finally, BTIG Research assumed coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Amentum has an average rating of "Hold" and a consensus price target of $25.38.

Amentum Price Performance

Shares of AMTM stock traded up $0.59 on Tuesday, reaching $22.63. The stock had a trading volume of 653,716 shares, compared to its average volume of 2,759,150. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47. The firm's 50-day moving average is $19.48 and its two-hundred day moving average is $21.44. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

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.