Amentum Holdings, Inc. (NYSE:AMTM) Stock Holdings Cut by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC lessened its position in Amentum Holdings, Inc. (NYSE:AMTM) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,034 shares of the company’s stock after selling 610 shares during the period. Shufro Rose & Co. LLC’s holdings in Amentum were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMTM. Huntington National Bank acquired a new position in shares of Amentum in the 4th quarter worth $30,000. Signaturefd LLC increased its stake in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after purchasing an additional 916 shares in the last quarter. National Bank of Canada FI increased its stake in Amentum by 31,328.6% in the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company’s stock worth $46,000 after purchasing an additional 2,193 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock valued at $43,000 after acquiring an additional 1,900 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Amentum by 382.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company’s stock valued at $58,000 after purchasing an additional 2,178 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Performance

Amentum stock opened at $24.18 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.50. The firm’s fifty day simple moving average is $23.25 and its 200-day simple moving average is $21.16.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

AMTM has been the subject of several recent analyst reports. Citizens Jmp assumed coverage on Amentum in a report on Monday, May 12th. They set an “outperform” rating and a $30.00 price target on the stock. Bank of America began coverage on Amentum in a research report on Tuesday, June 10th. They set a “neutral” rating and a $24.00 price objective for the company. Truist Financial upped their target price on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. BTIG Research started coverage on shares of Amentum in a research report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Royal Bank Of Canada set a $24.00 target price on Amentum and gave the company a “sector perform” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.89.

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.