Focus Partners Wealth increased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) by 8,467.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,794,417 shares of the company’s stock after purchasing an additional 2,761,801 shares during the quarter. Focus Partners Wealth’s holdings in Amentum were worth $81,038,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in Amentum in the fourth quarter valued at about $26,000. Financial Consulate Inc. bought a new position in Amentum during the fourth quarter valued at about $38,000. Salomon & Ludwin LLC grew its stake in shares of Amentum by 98.6% in the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after purchasing an additional 648 shares during the period. Sound Income Strategies LLC grew its position in Amentum by 45.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after acquiring an additional 425 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Amentum during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AMTM. Royal Bank Of Canada reduced their price objective on Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. BNP Paribas Exane began coverage on Amentum in a report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price target for the company. Citizens Jmp reiterated a “market outperform” rating and set a $40.00 price target on shares of Amentum in a report on Monday, April 13th. Truist Financial reiterated a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Finally, Morgan Stanley started coverage on Amentum in a report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price target for the company. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.00.
Amentum Stock Down 0.1%
AMTM stock opened at $22.83 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $24.81 and its two-hundred day moving average price is $28.63. Amentum Holdings, Inc. has a fifty-two week low of $21.11 and a fifty-two week high of $38.11. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 0.67 and a beta of 0.28.
Amentum (NYSE:AMTM – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, analysts forecast that Amentum Holdings, Inc. will post 2.36 earnings per share for the current fiscal 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.
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