Toth Financial Advisory Corp Trims Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Toth Financial Advisory Corp lessened its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 62.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,194 shares of the company's stock after selling 30,762 shares during the period. Toth Financial Advisory Corp's holdings in Amentum were worth $383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMTM. Arrow Financial Corp purchased a new position in Amentum during the third quarter worth approximately $26,000. US Bancorp DE acquired a new position in shares of Amentum during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC purchased a new position in shares of Amentum during the 3rd quarter valued at approximately $32,000. Signaturefd LLC acquired a new stake in Amentum in the 3rd quarter valued at $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in Amentum in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

AMTM has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on shares of Amentum in a research report on Friday, January 10th. They issued a "sector perform" rating and a $24.00 target price on the stock. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective for the company. Finally, Truist Financial assumed coverage on Amentum in a report on Monday, October 14th. They set a "buy" rating and a $31.00 target price for the company.

Amentum Price Performance

Shares of Amentum stock traded down $0.10 during trading hours on Friday, reaching $21.60. 1,691,226 shares of the company's stock were exchanged, compared to its average volume of 2,181,401. The firm has a fifty day moving average price of $22.53. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Monday, December 16th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. On average, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Amentum Company 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.