Neville Rodie & Shaw Inc. Buys Shares of 80,999 Amentum Holdings, Inc. (NYSE:AMTM)

Neville Rodie & Shaw Inc. purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 80,999 shares of the company's stock, valued at approximately $1,703,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMTM. Arrow Financial Corp acquired a new stake in shares of Amentum during the third quarter worth approximately $26,000. US Bancorp DE acquired a new position in Amentum during the 3rd quarter worth $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum in the 3rd quarter worth about $32,000. Signaturefd LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC bought a new position in shares of Amentum during the third quarter worth about $35,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Trading Down 0.2 %

NYSE AMTM traded down $0.05 on Monday, hitting $22.52. The stock had a trading volume of 2,431,008 shares, compared to its average volume of 2,089,235. The firm's 50-day simple moving average is $24.65. Amentum Holdings, Inc. has a one year low of $18.38 and a one year high of $34.50.

Analysts Set New Price Targets

Several research firms have weighed in on AMTM. Truist Financial started coverage on shares of Amentum in a research note on Monday, October 14th. They set a "buy" rating and a $31.00 target price for the company. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective on the stock.

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.