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

Paragon Capital Management LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 52,756 shares of the company's stock, valued at approximately $1,701,000. Amentum comprises approximately 0.9% of Paragon Capital Management LLC's investment portfolio, making the stock its 20th largest holding.

Several other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in Amentum in the third quarter worth approximately $78,399,000. Mesirow Financial Investment Management Inc. bought a new position in Amentum in the 3rd quarter worth $5,998,000. Principal Financial Group Inc. acquired a new position in Amentum during the 3rd quarter worth $4,695,000. Washington Trust Advisors Inc. acquired a new position in Amentum during the 3rd quarter worth $4,134,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Amentum during the third quarter valued at about $3,905,000.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.60 during midday trading on Monday, reaching $32.80. 458,455 shares of the company were exchanged, compared to its average volume of 2,826,940. Amentum Holdings, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $34.50.

Analysts Set New Price Targets

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

About Amentum

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.