Mutual of America Capital Management LLC Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Mutual of America Capital Management LLC acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 18,796 shares of the company's stock, valued at approximately $395,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp bought a new position in Amentum in the 3rd quarter valued at about $236,306,000. Primecap Management Co. CA bought a new position in Amentum in the third quarter valued at approximately $169,999,000. Geode Capital Management LLC bought a new stake in Amentum during the third quarter worth $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of Amentum during the 3rd quarter worth $81,608,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Amentum in the third quarter valued at about $39,613,000. Institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMTM shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Raymond James began coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th.

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Insider Activity at Amentum

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

Amentum Price Performance

Shares of NYSE:AMTM traded down $0.50 during mid-day trading on Thursday, reaching $17.92. 2,794,219 shares of the company's stock were exchanged, compared to its average volume of 2,777,012. 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 twelve month low of $16.95 and a twelve month high of $34.47. The firm's fifty day simple moving average is $20.95.

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

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.