State of New Jersey Common Pension Fund D Increases Stock Holdings in Amentum Holdings, Inc. $AMTM

State of New Jersey Common Pension Fund D increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 2.5% in the second quarter, HoldingsChannel.com reports. The fund owned 100,104 shares of the company’s stock after acquiring an additional 2,451 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Amentum were worth $2,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Amentum in the first quarter worth $5,238,000. Principal Financial Group Inc. lifted its stake in Amentum by 18.3% in the first quarter. Principal Financial Group Inc. now owns 712,172 shares of the company’s stock worth $12,962,000 after acquiring an additional 110,123 shares during the period. Amalgamated Bank lifted its stake in Amentum by 12.3% in the first quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock worth $789,000 after acquiring an additional 4,756 shares during the period. KBC Group NV lifted its stake in Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company’s stock worth $134,000 after acquiring an additional 918 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Amentum in the first quarter worth $615,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Price Performance

AMTM opened at $21.87 on Wednesday. The stock has a 50-day moving average price of $23.74 and a 200-day moving average price of $23.05. 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 market cap of $5.32 billion and a PE ratio of 56.07. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. BTIG Research reissued a “buy” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday. Raymond James Financial reissued an “outperform” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Amentum in a research report on Wednesday, October 8th. Finally, Truist Financial raised their price objective on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Amentum presently has an average rating of “Hold” and a consensus 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.