New York State Teachers Retirement System Cuts Stock Holdings in Amentum Holdings, Inc. $AMTM

New York State Teachers Retirement System decreased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTMFree Report) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 137,435 shares of the company’s stock after selling 1,051 shares during the period. New York State Teachers Retirement System owned 0.06% of Amentum worth $3,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMTM. GAMMA Investing LLC increased its position in Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after purchasing an additional 1,383 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Amentum by 32.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 151,801 shares of the company’s stock valued at $2,763,000 after purchasing an additional 37,057 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Amentum in the 1st quarter valued at about $615,000. State of Alaska Department of Revenue boosted its holdings in shares of Amentum by 12.6% in the 1st 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 in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of Amentum in the 1st quarter valued at about $184,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 0.1%

AMTM stock opened at $22.85 on Wednesday. The firm has a 50 day moving average of $24.02 and a 200 day moving average of $22.82. The stock has a market capitalization of $5.56 billion and a PE ratio of 58.59. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47.

Amentum (NYSE:AMTMGet Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Amentum’s revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMTM. Royal Bank Of Canada raised their price target 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. Truist Financial raised their price target on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America raised their price target on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Raymond James Financial restated an “outperform” rating and issued a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Finally, Morgan Stanley raised their price target 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 equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Amentum presently has an average rating of “Hold” and an average target price of $28.55.

Read Our Latest Stock Report on Amentum

Amentum Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amentum (NYSE:AMTM)

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