Amentum Holdings, Inc. $AMTM Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,805,411 shares of the company’s stock after purchasing an additional 118,306 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.74% of Amentum worth $43,240,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Amentum during the 2nd quarter worth approximately $25,000. Blue Trust Inc. lifted its position in Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after acquiring an additional 648 shares during the last quarter. Mather Group LLC. acquired a new position in Amentum in the third quarter valued at $32,000. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $36,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Amentum by 433.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after purchasing an additional 1,474 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMTM. Citizens Jmp raised their price target on Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their target price on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a report on Monday, December 29th. UBS Group increased their price target on shares of Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Amentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Amentum Stock Performance

NYSE:AMTM opened at $35.85 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 132.78, a price-to-earnings-growth ratio of 1.05 and a beta of -0.01. The firm’s fifty day moving average price is $31.44 and its 200 day moving average price is $26.55. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $37.94.

Amentum (NYSE:AMTM) last released its earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.61 billion. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Amentum Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.