Principal Financial Group Inc. Buys Shares of 145,574 Amentum Holdings, Inc. (NYSE:AMTM)

Principal Financial Group Inc. purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 145,574 shares of the company's stock, valued at approximately $4,695,000. Principal Financial Group Inc. owned about 0.06% of Amentum as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Amentum during the 3rd quarter valued at approximately $790,000. Wharton Business Group LLC purchased a new stake in Amentum in the third quarter worth $2,106,000. Peak Asset Management LLC bought a new stake in shares of Amentum in the third quarter valued at $774,000. Tower Bridge Advisors purchased a new position in shares of Amentum during the 3rd quarter valued at $4,053,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Amentum during the 3rd quarter worth $1,062,000. Institutional investors own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

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

Amentum Stock Up 4.2 %

NYSE AMTM traded up $0.91 during trading hours on Friday, hitting $22.57. The company had a trading volume of 1,815,821 shares, compared to its average volume of 1,918,010. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50. The company's 50 day moving average is $24.82.

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.