Wilmington Savings Fund Society FSB Has $492,000 Holdings in Amentum Holdings, Inc. $AMTM

Wilmington Savings Fund Society FSB lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 4.9% during the second quarter, Holdings Channel.com reports. The firm owned 20,849 shares of the company’s stock after acquiring an additional 983 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Amentum were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMTM. GAMMA Investing LLC lifted its holdings in shares of Amentum by 78.8% during the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock worth $57,000 after purchasing an additional 1,383 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Amentum by 32.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 151,801 shares of the company’s stock valued at $2,763,000 after buying an additional 37,057 shares during the period. Janney Montgomery Scott LLC acquired a new position in Amentum in the first quarter valued at $615,000. State of Alaska Department of Revenue lifted its holdings in Amentum by 12.6% in the first quarter. State of Alaska Department of Revenue now owns 79,345 shares of the company’s stock valued at $1,444,000 after buying an additional 8,898 shares during the period. Finally, North Growth Management Ltd. lifted its holdings in Amentum by 1.1% in the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company’s stock valued at $1,669,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Trading Down 1.4%

NYSE:AMTM opened at $22.35 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a 50-day moving average of $24.13 and a 200-day moving average of $22.73. The company has a market cap of $5.44 billion and a PE ratio of 57.31. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. Amentum’s revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMTM shares. Weiss Ratings restated a “sell (d+)” rating on shares of Amentum in a report on Wednesday, October 8th. Bank of America boosted their target price on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Royal Bank Of Canada boosted their target price on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Cantor Fitzgerald upgraded shares of Amentum from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $35.00 in a report on Thursday, September 25th. Finally, Morgan Stanley boosted their target price on shares of Amentum from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, September 18th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Amentum has an average rating of “Hold” and an average target price of $28.55.

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.