Troluce Capital Advisors LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $26,080,000. Amentum makes up approximately 1.6% of Troluce Capital Advisors LLC’s portfolio, making the stock its 14th biggest holding.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of Amentum in the 4th quarter valued at $26,000. Financial Consulate Inc. bought a new position in shares of Amentum during the 4th quarter worth about $38,000. Salomon & Ludwin LLC boosted its position in shares of Amentum by 98.6% during the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after acquiring an additional 648 shares in the last quarter. NFSG Corp acquired a new stake in shares of Amentum during the 1st quarter valued at about $35,000. Finally, Sound Income Strategies LLC increased its stake in Amentum by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after acquiring an additional 425 shares during the period. Institutional investors own 39.93% of the company’s stock.
Amentum Price Performance
Amentum stock opened at $22.52 on Monday. The business’s fifty day moving average is $21.87 and its two-hundred day moving average is $26.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $5.50 billion, a P/E ratio of 37.54, a P/E/G ratio of 0.66 and a beta of 0.35. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11.
Analyst Upgrades and Downgrades
AMTM has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and issued a $35.00 price target on shares of Amentum in a research report on Thursday, May 14th. Citizens Jmp reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a report on Monday, April 13th. Wall Street Zen lowered Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Bank of America dropped their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their target price on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.
Check Out Our Latest Report on Amentum
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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