Teachers Retirement System of The State of Kentucky Sells 162,501 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 76.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,584 shares of the company's stock after selling 162,501 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Amentum were worth $1,042,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMTM. Barclays PLC acquired a new stake in Amentum in the third quarter worth $5,153,000. Anchor Investment Management LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at about $32,000. Pine Valley Investments Ltd Liability Co bought a new stake in Amentum in the 3rd quarter valued at about $677,000. Sfmg LLC acquired a new position in Amentum during the 3rd quarter worth approximately $354,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Amentum in the third quarter worth approximately $790,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Price Performance

Amentum stock traded up $0.18 during mid-day trading on Friday, reaching $21.87. 1,022,979 shares of the company's stock were exchanged, compared to its average volume of 2,816,987. The business's fifty day simple moving average is $18.87 and its 200 day simple moving average is $22.23. 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 Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amentum

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

Wall Street Analysts Forecast Growth

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

Amentum Company 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.