Bryn Mawr Trust Advisors LLC Purchases 10,356 Shares of Amentum Holdings, Inc. $AMTM

Bryn Mawr Trust Advisors LLC raised its position in Amentum Holdings, Inc. (NYSE:AMTM) by 16.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 72,728 shares of the company’s stock after purchasing an additional 10,356 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Amentum were worth $1,717,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. American Securities LLC bought a new position in Amentum during the first quarter worth $798,869,000. Primecap Management Co. CA grew its holdings in Amentum by 56.9% during the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after acquiring an additional 3,647,210 shares during the period. Invesco Ltd. raised its position in shares of Amentum by 24.1% in the 1st quarter. Invesco Ltd. now owns 17,191,110 shares of the company’s stock worth $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Voss Capital LP lifted its stake in shares of Amentum by 393.7% in the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company’s stock valued at $40,417,000 after purchasing an additional 1,770,891 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Amentum by 68.1% in the 1st quarter. Millennium Management LLC now owns 2,011,792 shares of the company’s stock valued at $36,615,000 after purchasing an additional 815,218 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Up 2.9%

Shares of AMTM stock opened at $22.42 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 0.72 and a beta of 0.23. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a 50-day simple moving average of $23.28 and a two-hundred day simple moving average of $23.21.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business’s revenue was up 66.2% compared to the same quarter last year. Research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank Of Canada raised their target price on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Bank of America raised their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Raymond James Financial reissued an “outperform” rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Amentum in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Six equities 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 stock. Based on data from MarketBeat, Amentum has a consensus rating of “Hold” and an average price target of $28.55.

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.