Amentum Holdings, Inc. $AMTM Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,435 shares of the company’s stock after selling 1,051 shares during the period. New York State Teachers Retirement System’s holdings in Amentum were worth $3,245,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its holdings in shares of Amentum by 4.9% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 20,849 shares of the company’s stock valued at $492,000 after purchasing an additional 983 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of Amentum during the 2nd quarter valued at approximately $2,412,000. Yousif Capital Management LLC increased its holdings in shares of Amentum by 22.7% during the 2nd quarter. Yousif Capital Management LLC now owns 56,966 shares of the company’s stock valued at $1,345,000 after purchasing an additional 10,526 shares in the last quarter. CWM LLC increased its holdings in shares of Amentum by 303.4% during the 2nd quarter. CWM LLC now owns 17,482 shares of the company’s stock valued at $413,000 after purchasing an additional 13,148 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Amentum during the 2nd quarter valued at approximately $48,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Trading Down 0.1%

Shares of AMTM opened at $22.85 on Wednesday. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm’s fifty day moving average is $24.02 and its two-hundred day moving average is $22.82. The stock has a market cap of $5.56 billion and a PE ratio of 58.59.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. The business’s revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AMTM. Royal Bank Of Canada lifted their target price on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Bank of America boosted their price target on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Morgan Stanley boosted their price target on shares of Amentum from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, September 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Amentum in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald raised shares of Amentum from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $35.00 in a report on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Amentum presently has a consensus rating of “Hold” and a consensus price target of $28.55.

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.