Jacobs Levy Equity Management Inc. Grows Position in Amentum Holdings, Inc. (NYSE:AMTM)

Jacobs Levy Equity Management Inc. boosted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,471 shares of the company’s stock after purchasing an additional 63,072 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.06% of Amentum worth $3,059,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Foundations Investment Advisors LLC acquired a new stake in Amentum in the fourth quarter valued at approximately $409,000. New York State Common Retirement Fund grew its stake in Amentum by 382.6% during the 4th quarter. New York State Common Retirement Fund now owns 378,952 shares of the company’s stock valued at $7,969,000 after purchasing an additional 300,431 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Amentum by 236.8% in the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amentum by 66.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company’s stock valued at $26,587,000 after purchasing an additional 503,741 shares in the last quarter. Finally, Red Spruce Capital LLC purchased a new position in shares of Amentum during the 4th quarter valued at approximately $254,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price for the company. Citizens Jmp began coverage on shares of Amentum in a research report on Monday. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Morgan Stanley began coverage on Amentum in a research report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price objective for the company. Finally, Truist Financial lowered their target price on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Amentum has an average rating of “Hold” and a consensus price target of $25.38.

Amentum Stock Performance

Shares of Amentum stock opened at $21.59 on Friday. The business has a fifty day simple moving average of $19.31 and a 200-day simple moving average of $21.68. 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) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Buying and Selling at Amentum

In related news, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost 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 approximately $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 18.67% of the stock is owned by corporate insiders.

About Amentum

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.