Algert Global LLC Purchases Shares of 56,842 Amentum Holdings, Inc. (NYSE:AMTM)

Algert Global LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,842 shares of the company’s stock, valued at approximately $1,195,000.

Other large investors also recently made changes to their positions in the company. Huntington National Bank acquired a new position in Amentum during the fourth quarter worth $30,000. IFP Advisors Inc raised its holdings in shares of Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Amentum in the 4th quarter worth about $36,000. Horizon Investments LLC bought a new position in Amentum in the 4th quarter valued at about $36,000. Finally, GAMMA Investing LLC boosted its stake in Amentum by 333.1% during the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock valued at $37,000 after purchasing an additional 1,349 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMTM has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Amentum in a research note on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price objective for the company. Cantor Fitzgerald raised Amentum to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. BTIG Research assumed coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Truist Financial cut their price target on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.71.

Amentum Stock Down 0.9 %

Shares of NYSE:AMTM opened at $21.12 on Friday. The company’s 50-day moving average is $19.14 and its 200 day moving average is $21.87. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the stock in a transaction 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 acquisition, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction on 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 transaction, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

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.