Insider Buying: Amentum Holdings, Inc. (NYSE:AMTM) Insider Purchases 100,000 Shares of Stock

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amentum Trading Up 9.7 %

Shares of Amentum stock traded up $1.91 on Tuesday, hitting $21.71. 2,714,719 shares of the company's stock were exchanged, compared to its average volume of 2,304,344. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.57. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The firm has a 50-day moving average of $21.59.

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

Institutional Trading of Amentum

A number of hedge funds and other institutional investors have recently modified their holdings of AMTM. Vanguard Group Inc. boosted its holdings in Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after buying an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after purchasing an additional 14,652,319 shares in the last quarter. Invesco Ltd. grew its position in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after purchasing an additional 6,055,638 shares in the last quarter. State Street Corp bought a new stake in Amentum during the 3rd quarter valued at approximately $236,306,000. Finally, Primecap Management Co. CA lifted its holdings in Amentum by 21.7% in the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after purchasing an additional 1,143,097 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMTM has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald started coverage on shares of Amentum in a research note on Friday, February 7th. They set a "neutral" rating and a $25.00 target price for the company.

About Amentum

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.