Louisiana State Employees Retirement System Grows Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Louisiana State Employees Retirement System lifted its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 757.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company's stock after acquiring an additional 53,000 shares during the period. Louisiana State Employees Retirement System's holdings in Amentum were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AMTM. Wilmington Savings Fund Society FSB acquired a new stake in Amentum during the 3rd quarter worth about $790,000. Wharton Business Group LLC acquired a new stake in Amentum during the 3rd quarter worth about $2,106,000. JPMorgan Chase & Co. acquired a new stake in Amentum during the 3rd quarter worth about $8,739,000. Peak Asset Management LLC acquired a new stake in shares of Amentum during the 3rd quarter valued at about $774,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Amentum during the 4th quarter valued at about $409,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 2.3 %

Amentum stock traded down $0.48 during midday trading on Thursday, reaching $20.74. The company had a trading volume of 1,939,605 shares, compared to its average volume of 2,295,880. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50. The business has a fifty day moving average of $21.49. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Insider Activity at Amentum

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMTM shares. Raymond James started coverage on Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald started coverage on Amentum in a research report on Friday, February 7th. They set a "neutral" rating and a $25.00 target price on the stock.

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.