Norges Bank Acquires New Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Norges Bank acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,440,127 shares of the company's stock, valued at approximately $30,286,000. Norges Bank owned approximately 0.59% of Amentum at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp acquired a new position in Amentum during the third quarter valued at approximately $236,306,000. Geode Capital Management LLC purchased a new position in shares of Amentum in the 3rd quarter valued at $101,022,000. Vanguard Group Inc. raised its stake in shares of Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Amentum by 469.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after acquiring an additional 1,606,442 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after purchasing an additional 1,143,097 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Buying and Selling

In related news, insider Steven J. Demetriou bought 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was bought at an average cost 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 $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the business'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 acquisition, the director now owns 4,600 shares in the company, valued at approximately $97,658. The trade was 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.

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Amentum Stock Performance

Shares of Amentum stock traded up $0.86 during trading on Friday, reaching $18.12. The company had a trading volume of 2,282,880 shares, compared to its average volume of 2,898,653. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The firm's fifty day simple moving average is $19.11. 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 (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data 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 analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on AMTM. Cantor Fitzgerald raised Amentum to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Three investment 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 currently has a consensus rating of "Hold" and an average target price of $26.20.

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.