Two Point Capital Management Inc. Invests $1.85 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Two Point Capital Management Inc. bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 88,129 shares of the company's stock, valued at approximately $1,853,000. Amentum accounts for 0.7% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McKinley Carter Wealth Services Inc. acquired a new stake in Amentum in the 3rd quarter valued at $1,764,000. Heritage Family Offices LLP purchased a new stake in shares of Amentum in the third quarter worth about $308,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of Amentum in the third quarter valued at about $2,256,000. Compass Wealth Management LLC purchased a new stake in shares of Amentum during the 3rd quarter valued at about $804,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Amentum during the 3rd quarter valued at about $414,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares of the company's stock, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.67% of the company's stock.

Amentum Price Performance

AMTM stock traded up $0.01 during midday trading on Monday, hitting $19.82. 1,456,425 shares of the company's stock were exchanged, compared to its average volume of 2,200,147. The business has a 50 day moving average of $21.67. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Amentum in a research report on Friday, February 7th. They issued a "neutral" rating and a $25.00 price objective for the company. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th.

Amentum 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.