Maryland State Retirement & Pension System Grows Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Maryland State Retirement & Pension System raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 586.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Anchor Investment Management LLC purchased a new position in Amentum during the third quarter valued at $32,000. Glen Eagle Advisors LLC bought a new stake in Amentum in the 3rd quarter worth approximately $35,000. Wiser Advisor Group LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $49,000. IFP Advisors Inc increased its position in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the last quarter. Finally, Asset Planning Inc purchased a new stake in shares of Amentum during the 4th quarter valued at about $36,000. Institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Shares of AMTM traded down $0.08 during mid-day trading on Thursday, hitting $18.38. The company's stock had a trading volume of 1,531,461 shares, compared to its average volume of 2,740,105. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company has a 50-day moving average price of $20.17.

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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 analysts' consensus estimates of $0.45 by $0.06. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.