Wilmington Savings Fund Society FSB Raises Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Wilmington Savings Fund Society FSB raised its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,259 shares of the company’s stock after buying an additional 7,769 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Amentum were worth $678,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMTM. Arrow Financial Corp purchased a new stake in shares of Amentum in the 3rd quarter valued at $26,000. US Bancorp DE purchased a new stake in Amentum during the third quarter worth about $30,000. Anchor Investment Management LLC purchased a new stake in Amentum during the third quarter worth about $32,000. Signaturefd LLC acquired a new stake in shares of Amentum during the third quarter worth about $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

AMTM has been the topic of several recent research reports. Cantor Fitzgerald began coverage on shares of Amentum in a research note on Friday. They set a “neutral” rating and a $25.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Truist Financial initiated coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Raymond James started coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock.

Amentum Stock Performance

Shares of AMTM opened at $22.11 on Tuesday. The firm has a fifty day moving average price of $21.94. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.