Hilton Capital Management LLC Increases Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Hilton Capital Management LLC boosted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 233.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,849 shares of the company's stock after purchasing an additional 32,111 shares during the quarter. Hilton Capital Management LLC's holdings in Amentum were worth $964,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp purchased a new stake in shares of Amentum in the third quarter valued at $236,306,000. Primecap Management Co. CA purchased a new stake in shares of Amentum in the third quarter valued at $169,999,000. Geode Capital Management LLC purchased a new stake in shares of Amentum in the third quarter valued at $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in shares of Amentum in the third quarter valued at $81,608,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Amentum by 469.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after acquiring an additional 1,606,442 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AMTM shares. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th.

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Amentum Stock Up 3.1 %

Amentum stock traded up $0.57 during midday trading on Wednesday, hitting $19.04. 2,751,440 shares of the company's stock were exchanged, compared to its average volume of 2,775,776. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 12 month low of $16.95 and a 12 month high of $34.47. The business's 50-day moving average price is $20.64.

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

Insiders Place Their Bets

In other news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $20.81 per share, for a total transaction 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 disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

Amentum 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.