Bryn Mawr Trust Advisors LLC Buys 22,306 Shares of Amentum Holdings, Inc. $AMTM

Bryn Mawr Trust Advisors LLC lifted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 28.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 101,949 shares of the company’s stock after purchasing an additional 22,306 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Amentum were worth $2,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Danske Bank A S bought a new stake in shares of Amentum in the fourth quarter worth approximately $115,000. New York State Teachers Retirement System grew its stake in shares of Amentum by 17.8% in the fourth quarter. New York State Teachers Retirement System now owns 166,057 shares of the company’s stock worth $4,816,000 after acquiring an additional 25,139 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Amentum by 12.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 98,984 shares of the company’s stock worth $2,871,000 after acquiring an additional 11,342 shares during the period. Sage Rhino Capital LLC bought a new stake in shares of Amentum in the fourth quarter worth approximately $213,000. Finally, Keybank National Association OH bought a new stake in shares of Amentum in the fourth quarter worth approximately $223,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Trading Down 0.2%

Shares of AMTM stock opened at $24.48 on Monday. Amentum Holdings, Inc. has a 1 year low of $19.11 and a 1 year high of $38.11. The firm has a fifty day moving average price of $27.42 and a 200-day moving average price of $28.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 61.20, a PEG ratio of 0.72 and a beta of 0.43.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.32 billion. The business’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts predict that Amentum Holdings, Inc. will post 2.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Citizens Jmp reiterated a “market outperform” rating and issued a $40.00 price target on shares of Amentum in a research note on Monday, April 13th. BTIG Research reissued a “buy” rating and issued a $35.00 price objective on shares of Amentum in a report on Wednesday, February 11th. Finally, Truist Financial raised their price objective on shares of Amentum from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.91.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.