Oppenheimer & Co. Inc. Invests $1.47 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Oppenheimer & Co. Inc. bought a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,633 shares of the company's stock, valued at approximately $1,472,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrow Financial Corp purchased a new stake in shares of Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE purchased a new stake in shares of Amentum during the third quarter worth about $30,000. Signaturefd LLC bought a new position in shares of Amentum during the third quarter valued at approximately $33,000. HM Payson & Co. acquired a new position in shares of Amentum during the third quarter worth approximately $38,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Amentum in the third quarter worth approximately $43,000.

Analyst Ratings Changes

Separately, Truist Financial initiated coverage on shares of Amentum in a research note on Monday, October 14th. They set a "buy" rating and a $31.00 target price on the stock.

Amentum Price Performance

Shares of Amentum stock traded down $2.61 during midday trading on Monday, reaching $22.59. The company had a trading volume of 1,556,041 shares, compared to its average volume of 2,725,760. Amentum Holdings, Inc. has a 1-year low of $22.51 and a 1-year high of $34.50.

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.