Bryn Mawr Trust Advisors LLC Boosts Holdings in Amentum Holdings, Inc. $AMTM

Bryn Mawr Trust Advisors LLC boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 16.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,728 shares of the company’s stock after acquiring an additional 10,356 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Amentum were worth $1,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Amentum during the 2nd quarter worth approximately $25,000. Quarry LP bought a new position in Amentum during the first quarter valued at $30,000. Signaturefd LLC grew its holdings in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Amentum by 1,517.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after buying an additional 1,426 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Amentum in the second quarter valued at $48,000. 39.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMTM has been the subject of several research reports. Bank of America increased their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Cantor Fitzgerald upgraded shares of Amentum from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $35.00 in a research note on Thursday, September 25th. Royal Bank Of Canada boosted their price target on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Amentum in a research note on Thursday, October 9th. They issued a “neutral” rating and a $30.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Amentum presently has an average rating of “Hold” and an average target price of $28.55.

Amentum Trading Up 2.9%

Shares of Amentum stock opened at $22.42 on Friday. The company’s 50-day moving average price is $23.28 and its 200-day moving average price is $23.21. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 0.72 and a beta of 0.23.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. The business’s revenue for the quarter was up 66.2% compared to the same quarter last year. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal 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.