Thrivent Financial for Lutherans Acquires 1,076,375 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Thrivent Financial for Lutherans raised its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 201.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,611,796 shares of the company's stock after buying an additional 1,076,375 shares during the quarter. Thrivent Financial for Lutherans owned 0.66% of Amentum worth $33,896,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMTM. Anchor Investment Management LLC bought a new position in shares of Amentum in the third quarter worth $32,000. Glen Eagle Advisors LLC acquired a new stake in Amentum in the third quarter valued at about $35,000. Studio Investment Management LLC acquired a new position in Amentum during the third quarter worth about $42,000. Wiser Advisor Group LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at approximately $49,000. Finally, IFP Advisors Inc increased its position in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

AMTM traded up $0.10 during trading on Tuesday, reaching $18.77. 1,620,565 shares of the stock traded hands, compared to its average volume of 2,770,234. The company has a 50-day simple moving average of $20.36. Amentum Holdings, Inc. has a 12 month low of $16.95 and a 12 month high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Remove Ads

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Activity

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares of the company's stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the purchase, the director now directly owns 4,600 shares of the company's stock, valued at approximately $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Amentum presently has a consensus rating of "Hold" and an average target price of $26.20.

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.