Moore Capital Management LP boosted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) by 16.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 475,314 shares of the company’s stock after buying an additional 67,897 shares during the period. Moore Capital Management LP’s holdings in Amentum were worth $13,784,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in AMTM. Legacy Advisors LLC bought a new stake in Amentum during the fourth quarter worth about $284,614,000. Focus Partners Wealth lifted its stake in Amentum by 8,467.6% during the fourth quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after purchasing an additional 2,761,801 shares during the last quarter. Invesco Ltd. lifted its stake in Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after purchasing an additional 2,539,594 shares during the last quarter. Norges Bank bought a new stake in Amentum during the fourth quarter worth about $66,529,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Amentum during the second quarter worth about $32,576,000. Institutional investors own 39.93% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Wall Street Zen lowered Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. JPMorgan Chase & Co. dropped their price target on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price target for the company. Weiss Ratings raised Amentum from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, BTIG Research reaffirmed a “buy” rating and set a $35.00 price target on shares of Amentum in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.
Amentum Stock Down 3.1%
AMTM opened at $21.47 on Thursday. The company has a market cap of $5.24 billion, a P/E ratio of 35.78, a P/E/G ratio of 0.65 and a beta of 0.27. The business’s 50-day moving average price is $24.51 and its 200-day moving average price is $28.47. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83. Amentum Holdings, Inc. has a 12 month low of $21.11 and a 12 month high of $38.11.
Amentum (NYSE:AMTM – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current year.
Amentum Company 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.
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