Principal Financial Group Inc. Acquires 456,475 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Principal Financial Group Inc. boosted its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 313.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,049 shares of the company's stock after purchasing an additional 456,475 shares during the quarter. Principal Financial Group Inc. owned about 0.25% of Amentum worth $12,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Arrow Financial Corp purchased a new stake in Amentum in the third quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in shares of Amentum during the 3rd quarter valued at $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum during the 3rd quarter worth $32,000. Signaturefd LLC purchased a new position in Amentum in the third quarter worth $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum in the third quarter valued at $35,000. 39.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMTM. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price objective for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th.

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Amentum Trading Down 5.8 %

AMTM stock traded down $1.14 during trading on Monday, hitting $18.50. 1,234,638 shares of the company traded hands, compared to its average volume of 2,173,344. The stock has a 50-day moving average of $21.28. 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 1 year low of $18.38 and a 1 year high of $34.50.

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, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Buying and Selling at Amentum

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

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.