Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,358 shares of the company's stock after selling 25,842 shares during the quarter. Truist Financial Corp's holdings in Amentum were worth $596,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMTM. Arrow Financial Corp purchased a new stake in Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE purchased a new stake in Amentum during the third quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in Amentum during the third quarter valued at $32,000. Glen Eagle Advisors LLC purchased a new position in Amentum in the third quarter valued at $35,000. Finally, Asset Planning Inc acquired a new position in shares of Amentum in the fourth quarter worth about $36,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AMTM. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. Finally, Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price for the company.

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Amentum Trading Down 4.3 %

Amentum stock traded down $0.84 during midday trading on Thursday, reaching $18.42. The company had a trading volume of 776,948 shares, compared to its average volume of 2,693,072. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12-month low of $17.82 and a 12-month high of $34.47. The business has a fifty day moving average of $21.21.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Transactions at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now directly owns 4,600 shares of the company's stock, valued at $97,658. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

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.