41,773 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Bought by QRG Capital Management Inc.

QRG Capital Management Inc. acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,773 shares of the company's stock, valued at approximately $1,347,000.

A number of other institutional investors have also added to or reduced their stakes in AMTM. US Bancorp DE purchased a new stake in Amentum during the third quarter valued at $30,000. Signaturefd LLC bought a new stake in Amentum during the third quarter valued at about $33,000. HM Payson & Co. purchased a new position in Amentum in the third quarter worth $38,000. Harbor Capital Advisors Inc. purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $43,000. Finally, Evermay Wealth Management LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $64,000.

Amentum Stock Performance

Amentum stock traded up $1.56 during midday trading on Friday, hitting $33.40. 1,403,806 shares of the stock were exchanged, compared to its average volume of 2,898,696. 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 report on Monday, October 14th. They set a "buy" rating and a $31.00 target price for the company.

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.