Retirement Systems of Alabama Makes New $881,000 Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Retirement Systems of Alabama purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,324 shares of the company's stock, valued at approximately $881,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMTM. Dover Advisors LLC bought a new position in Amentum in the 3rd quarter worth approximately $219,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Amentum in the 3rd quarter valued at $1,764,000. Heritage Family Offices LLP bought a new stake in shares of Amentum during the third quarter worth $308,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Amentum during the third quarter valued at $2,256,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Amentum during the third quarter valued at $804,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Up 1.3 %

Shares of NYSE:AMTM traded up $0.24 during midday trading on Friday, hitting $19.17. The company had a trading volume of 37,621,938 shares, compared to its average volume of 3,163,715. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The business has a fifty day moving average of $26.42.

Analysts Set New Price Targets

A number of analysts recently commented on AMTM shares. Truist Financial initiated coverage on Amentum in a research report on Monday, October 14th. They issued a "buy" rating and a $31.00 price objective for the company. Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target 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.