Telos Capital Management Inc. grew its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 202.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,036 shares of the company's stock after purchasing an additional 178,744 shares during the quarter. Telos Capital Management Inc. owned about 0.11% of Amentum worth $5,616,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Arrow Financial Corp bought a new position in shares of Amentum in the 3rd quarter worth about $26,000. US Bancorp DE purchased a new stake in Amentum during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in Amentum during the 3rd quarter valued at about $32,000. Signaturefd LLC purchased a new stake in Amentum during the 3rd quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in Amentum during the 3rd quarter valued at about $35,000. 39.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on AMTM. Truist Financial began coverage on shares of Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective on the stock. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a report on Thursday. Finally, Cantor Fitzgerald began coverage on shares of Amentum in a report on Friday. They set a "neutral" rating and a $25.00 price target on the stock.
Check Out Our Latest Report on AMTM
Amentum Stock Performance
Shares of AMTM traded up $0.03 on Monday, reaching $22.19. The company's stock had a trading volume of 1,372,249 shares, compared to its average volume of 2,323,689. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. The company's 50 day moving average price is $21.98. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50.
Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. On average, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.
Amentum Profile
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Free Report)
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.
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