Thrivent Financial for Lutherans Has $33.90 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Thrivent Financial for Lutherans lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 201.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,611,796 shares of the company’s stock after acquiring an additional 1,076,375 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.66% of Amentum worth $33,896,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Primecap Management Co. CA boosted its position in Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after purchasing an additional 1,143,097 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Amentum by 102.1% during the 4th quarter. Corient Private Wealth LLC now owns 72,783 shares of the company’s stock worth $1,531,000 after buying an additional 36,778 shares during the last quarter. Hilton Capital Management LLC boosted its holdings in shares of Amentum by 233.7% during the 4th quarter. Hilton Capital Management LLC now owns 45,849 shares of the company’s stock worth $964,000 after buying an additional 32,111 shares during the period. Intact Investment Management Inc. raised its holdings in Amentum by 124.8% in the 4th quarter. Intact Investment Management Inc. now owns 9,800 shares of the company’s stock valued at $206,000 after acquiring an additional 5,440 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in Amentum by 469.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company’s stock worth $40,981,000 after acquiring an additional 1,606,442 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMTM shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Amentum has an average rating of “Hold” and an average target price of $26.20.

Insider Activity at Amentum

In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by insiders.

Amentum Price Performance

AMTM opened at $18.39 on Friday. The stock’s fifty day moving average is $20.53. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

About Amentum

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.