Keeley Teton Advisors LLC Invests $373,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Keeley Teton Advisors LLC bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,757 shares of the company's stock, valued at approximately $373,000.

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank purchased a new position in Amentum in the fourth quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in Amentum in the third quarter worth $32,000. IFP Advisors Inc boosted its stake in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares during the period. Asset Planning Inc bought a new stake in shares of Amentum in the 4th quarter worth about $36,000. Finally, Horizon Investments LLC bought a new position in Amentum during the 4th quarter valued at about $36,000. Institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Morgan Stanley started coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. Truist Financial decreased their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amentum has a consensus rating of "Hold" and an average target price of $24.71.

Insider Activity

In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company's stock.

Amentum Price Performance

AMTM traded up $0.63 during trading on Tuesday, hitting $19.05. The stock had a trading volume of 364,166 shares, compared to its average volume of 2,483,103. The business's 50 day simple moving average is $18.73. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50.

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

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.