Fmr LLC Makes New $2.56 Million Investment in Amentum Holdings, Inc. (NYSE:AMTM)

FMR LLC bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 79,315 shares of the company's stock, valued at approximately $2,558,000.

A number of other hedge funds have also recently bought and sold shares of AMTM. Dover Advisors LLC bought a new stake in shares of Amentum in the 3rd quarter worth approximately $219,000. McKinley Carter Wealth Services Inc. bought a new position in Amentum in the third quarter worth $1,764,000. Heritage Family Offices LLP acquired a new stake in Amentum during the third quarter worth $308,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Amentum in the 3rd quarter valued at $2,256,000. Finally, Compass Wealth Management LLC bought a new position in shares of Amentum during the 3rd quarter worth about $804,000. 39.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AMTM. Truist Financial began coverage on shares of Amentum in a research report on Monday, October 14th. They issued a "buy" rating and a $31.00 price target for the company. Raymond James started coverage on Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price for the company.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.56 on Friday, hitting $23.05. The stock had a trading volume of 1,598,968 shares, compared to its average volume of 2,464,782. The company has a 50 day moving average of $27.07. Amentum Holdings, Inc. has a twelve month low of $21.24 and a twelve month high of $34.50.

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.