Hutchinson Capital Management CA Sells 3,082 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Hutchinson Capital Management CA reduced its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,490 shares of the company’s stock after selling 3,082 shares during the period. Hutchinson Capital Management CA owned approximately 0.06% of Amentum worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMTM. Wilmington Savings Fund Society FSB bought a new stake in Amentum during the 3rd quarter worth approximately $790,000. Wharton Business Group LLC bought a new stake in Amentum during the 3rd quarter worth approximately $2,106,000. JPMorgan Chase & Co. bought a new stake in Amentum during the 3rd quarter worth approximately $8,739,000. Foundations Investment Advisors LLC bought a new stake in Amentum during the 4th quarter worth approximately $409,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Amentum during the 3rd quarter worth approximately $1,062,000. 39.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMTM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Raymond James began coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research report on Tuesday, February 25th.

Insider Activity

In related news, Director Barbara Loughran purchased 4,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

Amentum Trading Up 0.4 %

Shares of AMTM opened at $17.94 on Friday. The company has a fifty day moving average price of $20.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 52 week low of $16.95 and a 52 week high of $34.47.

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. Research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum Company 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.