Amentum Holdings, Inc. $AMTM Stock Position Reduced by Segra Capital Management LLC

Segra Capital Management LLC decreased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 65.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 774,867 shares of the company’s stock after selling 1,463,023 shares during the period. Amentum makes up approximately 1.4% of Segra Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Segra Capital Management LLC owned 0.32% of Amentum worth $14,041,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMTM. BlackRock Inc. bought a new stake in Amentum in the second quarter worth $370,137,000. Bank of America Corp DE grew its stake in shares of Amentum by 107.8% in the 1st quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after buying an additional 1,247,614 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Amentum in the 2nd quarter worth $18,150,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Amentum in the 2nd quarter worth about $2,924,000. Finally, Troluce Capital Advisors LLC bought a new stake in shares of Amentum in the 1st quarter worth about $26,080,000. 39.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on AMTM shares. Bank of America lowered their price target on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a research report on Friday, September 18th. BTIG Research lowered their price objective on Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. BNP Paribas Exane upgraded Amentum from an “underperform” rating to a “neutral” rating and set a $20.00 target price for the company in a report on Tuesday. Finally, Zacks Research downgraded Amentum from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Amentum has an average rating of “Hold” and a consensus price target of $29.00.

Amentum Trading Up 3.4%

NYSE AMTM traded up $0.62 during trading on Tuesday, hitting $18.86. The stock had a trading volume of 436,800 shares, compared to its average volume of 2,042,899. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 0.49 and a beta of 0.31. Amentum Holdings, Inc. has a one year low of $17.72 and a one year high of $38.11. The stock has a 50 day simple moving average of $20.67 and a 200 day simple moving average of $22.69.

Amentum (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Sell-side analysts predict that Amentum Holdings, Inc. will post 2.38 earnings per share for the current year.

Amentum Profile

Amentum (NYSE: AMTM) is a global engineering and technical services contractor that supports government and commercial customers across defense, intelligence, space, civilian, energy and environmental markets. The company provides mission-critical services designed to help customers operate, maintain and modernize complex systems and infrastructure.

Its capabilities include systems engineering, program management, logistics, operations and maintenance, cybersecurity, digital transformation, intelligence analysis, testing and evaluation, and environmental and nuclear lifecycle services.