Teacher Retirement System of Texas Acquires New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Teacher Retirement System of Texas purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 86,692 shares of the company's stock, valued at approximately $1,823,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $32,000. Glen Eagle Advisors LLC purchased a new position in Amentum during the 3rd quarter worth $35,000. IFP Advisors Inc increased its stake in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the period. Asset Planning Inc acquired a new stake in shares of Amentum during the fourth quarter worth about $36,000. Finally, Horizon Investments LLC acquired a new position in Amentum in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Buying and Selling at Amentum

In other Amentum news, insider Steven J. Demetriou acquired 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by corporate insiders.

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Amentum Trading Up 0.6 %

NYSE:AMTM traded up $0.11 during trading hours on Monday, hitting $18.18. The company's stock had a trading volume of 2,370,463 shares, compared to its average volume of 2,892,446. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company has a 50-day moving average price of $19.88.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. As a group, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMTM has been the topic of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.20.

Amentum Company Profile

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.