Maryland State Retirement & Pension System Has $1.03 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Maryland State Retirement & Pension System grew its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 586.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,908 shares of the company's stock after purchasing an additional 41,787 shares during the period. Maryland State Retirement & Pension System's holdings in Amentum were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Amentum during the 3rd quarter worth about $32,000. Glen Eagle Advisors LLC acquired a new position in Amentum during the third quarter valued at approximately $35,000. IFP Advisors Inc raised its position in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the period. Asset Planning Inc acquired a new stake in shares of Amentum in the fourth quarter worth $36,000. Finally, Horizon Investments LLC bought a new stake in shares of Amentum during the 4th quarter worth $36,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of NYSE:AMTM traded up $0.04 on Tuesday, hitting $18.71. 848,288 shares of the company were exchanged, compared to its average volume of 2,770,234. The firm's 50 day moving average price is $20.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47.

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Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly 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. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Amentum presently has an average rating of "Hold" and an average target price of $26.20.

Insider Activity

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

Amentum Company 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.