Legal & General Group Plc Makes New $7.21 Million Investment in Amentum Holdings, Inc. $AMTM

Posted by George Bondi on Sep 3rd, 2026

Legal & General Group Plc bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 349,048 shares of the company’s stock, valued at approximately $7,215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Amentum during the second quarter worth about $370,137,000. Bank of America Corp DE increased its holdings in Amentum by 107.8% in the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock valued at $62,723,000 after buying an additional 1,247,614 shares in the last quarter. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Amentum during the 2nd quarter valued at approximately $2,924,000. Troluce Capital Advisors LLC purchased a new stake in shares of Amentum during the 1st quarter worth approximately $26,080,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Amentum during the 2nd quarter worth approximately $18,150,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 0.3%

Shares of AMTM opened at $19.94 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. Amentum Holdings, Inc. has a 1-year low of $19.80 and a 1-year high of $38.11. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.58 and a beta of 0.27. The firm has a 50 day simple moving average of $21.44 and a 200-day simple moving average of $24.38.

Amentum (NYSE:AMTM – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.Amentum’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities analysts forecast that Amentum Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America dropped their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. decreased their target price on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. BNP Paribas Exane assumed coverage on Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price on the stock. Weiss Ratings downgraded Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley set a $24.00 price objective on shares of Amentum in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.18.

Get Our Latest Stock Analysis on AMTM

Amentum Company Profile

(Free Report)

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.