F M Investments LLC Invests $3.54 Million in Amentum Holdings, Inc. (NYSE:AMTM)

F M Investments LLC purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 109,887 shares of the company's stock, valued at approximately $3,543,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. US Bancorp DE purchased a new position in Amentum during the third quarter valued at $30,000. Signaturefd LLC purchased a new position in shares of Amentum during the 3rd quarter valued at about $33,000. HM Payson & Co. purchased a new stake in Amentum in the 3rd quarter worth approximately $38,000. Evermay Wealth Management LLC bought a new stake in Amentum during the 3rd quarter worth approximately $64,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Amentum during the third quarter valued at approximately $63,000.

Amentum Price Performance

Shares of AMTM stock traded up $1.05 during mid-day trading on Friday, hitting $30.79. The company had a trading volume of 957,085 shares, compared to its average volume of 2,251,180. Amentum Holdings, Inc. has a 52-week low of $23.58 and a 52-week high of $34.50.

Wall Street Analysts Forecast Growth

Separately, Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They issued a "buy" rating and a $31.00 price objective for the company.

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.