Amentum Holdings, Inc. (NYSE:AMTM) Stake Boosted by Blair William & Co. IL

Blair William & Co. IL grew its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 91.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,419 shares of the company's stock after acquiring an additional 26,982 shares during the period. Blair William & Co. IL's holdings in Amentum were worth $1,186,000 at the end of the most recent quarter.

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

Amentum Trading Down 5.0 %

Shares of NYSE AMTM traded down $0.91 on Friday, reaching $17.39. 3,097,196 shares of the company traded hands, compared to its average volume of 2,913,412. Amentum Holdings, Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The firm's 50 day moving average is $19.55.

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

Insiders Place Their Bets

In other news, Director Barbara Loughran bought 4,600 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed 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 that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now 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 insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on AMTM shares. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.20.

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.