Forte Capital LLC ADV Invests $2.19 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Forte Capital LLC ADV purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 67,812 shares of the company's stock, valued at approximately $2,187,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Amentum in the third quarter valued at approximately $78,399,000. Wealth Enhancement Advisory Services LLC bought a new position in Amentum in the third quarter valued at approximately $3,905,000. New York State Teachers Retirement System bought a new position in shares of Amentum in the 3rd quarter worth $3,745,000. F M Investments LLC acquired a new position in Amentum in the third quarter valued at about $3,543,000. Finally, Eastern Bank bought a new position in Amentum during the 3rd quarter worth approximately $3,325,000.

Analysts Set New Price Targets

Separately, Truist Financial started coverage on Amentum in a research report on Monday, October 14th. They issued a "buy" rating and a $31.00 price objective for the company.

Amentum Trading Up 2.7 %

AMTM stock traded up $0.85 during trading hours on Thursday, reaching $31.85. 1,338,806 shares of the stock were exchanged, compared to its average volume of 2,945,426. Amentum Holdings, Inc. has a 12 month low of $23.58 and a 12 month high of $34.50.

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.