19,458 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,458 shares of the company's stock, valued at approximately $409,000.

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. purchased a new position in Amentum during the 4th quarter worth approximately $117,000. Exchange Traded Concepts LLC grew its stake in Amentum by 102.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,312 shares of the company's stock valued at $280,000 after acquiring an additional 6,744 shares during the period. Janney Capital Management LLC acquired a new stake in Amentum in the 4th quarter valued at $211,000. Red Spruce Capital LLC acquired a new stake in Amentum in the 4th quarter valued at $254,000. Finally, UMB Bank n.a. acquired a new stake in Amentum during the 4th quarter worth $170,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Stock Down 2.6 %

AMTM traded down $0.54 on Monday, hitting $20.43. The company had a trading volume of 1,605,985 shares, compared to its average volume of 2,293,065. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The stock's fifty day simple moving average is $22.24. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Monday, December 16th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.10. On average, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Amentum in a research note on Friday, January 10th. They set a "sector perform" rating and a $24.00 target price on the stock. Raymond James assumed coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target on the stock. Finally, Truist Financial assumed coverage on shares of Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price target on the stock.

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.