Segra Capital Management LLC cut its position in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) by 65.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 774,867 shares of the company’s stock after selling 1,463,023 shares during the quarter. Amentum accounts for about 1.3% of Segra Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Segra Capital Management LLC’s holdings in Amentum were worth $14,041,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Amentum in the second quarter worth $370,137,000. Primecap Management Co. CA bought a new stake in Amentum during the second quarter valued at $253,941,000. Dimensional Fund Advisors LP raised its holdings in shares of Amentum by 106.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after purchasing an additional 1,954,494 shares during the period. Troluce Capital Advisors LLC raised its holdings in shares of Amentum by 256.5% during the second quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock worth $73,697,000 after purchasing an additional 2,565,399 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Amentum by 107.8% during the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after purchasing an additional 1,247,614 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. UBS Group lifted their price target on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a research report on Tuesday, August 11th. JPMorgan Chase & Co. dropped their price objective on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Finally, Zacks Research cut shares of Amentum from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.91.
Read Our Latest Stock Analysis on AMTM
Amentum Trading Down 0.5%
Shares of NYSE AMTM opened at $21.64 on Thursday. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 0.59 and a beta of 0.31. Amentum Holdings, Inc. has a 12-month low of $17.72 and a 12-month high of $38.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock’s 50 day simple moving average is $19.78 and its 200 day simple moving average is $24.69.
Amentum (NYSE:AMTM – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts expect that Amentum Holdings, Inc. will post 2.38 EPS for the current year.
Amentum Profile
Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.
The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.
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