Louisiana State Employees Retirement System bought a new position in Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 68,200 shares of the company’s stock, valued at approximately $1,779,000.
A number of other large investors also recently added to or reduced their stakes in AMTM. Legal Advantage Investments Inc. boosted its position in Amentum by 52.9% during the first quarter. Legal Advantage Investments Inc. now owns 28,900 shares of the company’s stock valued at $754,000 after buying an additional 10,000 shares during the period. Telos Capital Management Inc. lifted its stake in shares of Amentum by 1.3% in the 1st quarter. Telos Capital Management Inc. now owns 189,901 shares of the company’s stock valued at $4,953,000 after acquiring an additional 2,435 shares during the last quarter. Weatherly Asset Management L. P. bought a new stake in shares of Amentum in the 1st quarter valued at about $253,000. Mercer Global Advisors Inc. ADV purchased a new stake in Amentum during the 4th quarter valued at about $453,000. Finally, Mackenzie Financial Corp bought a new position in Amentum during the 4th quarter worth approximately $453,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AMTM shares. Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target on the stock. BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. BNP Paribas Exane assumed coverage on shares of Amentum in a report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price target for the company. Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.00.
Amentum Stock Performance
Shares of AMTM stock opened at $20.73 on Wednesday. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 0.59 and a beta of 0.27. The stock has a fifty day moving average of $23.36 and a 200 day moving average of $27.96. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.
Amentum (NYSE:AMTM – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts expect that Amentum Holdings, Inc. will post 2.36 earnings per share for the current year.
About Amentum
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.
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