Washington Trust Advisors Inc. Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Washington Trust Advisors Inc. bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 128,198 shares of the company's stock, valued at approximately $4,134,000. Washington Trust Advisors Inc. owned approximately 0.05% of Amentum at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMTM. US Bancorp DE bought a new stake in shares of Amentum in the 3rd quarter worth approximately $30,000. Signaturefd LLC acquired a new position in Amentum in the third quarter worth approximately $33,000. HM Payson & Co. acquired a new stake in shares of Amentum during the third quarter worth $38,000. Harbor Capital Advisors Inc. acquired a new stake in Amentum during the 3rd quarter worth about $43,000. Finally, Evermay Wealth Management LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at approximately $64,000.

Wall Street Analyst Weigh In

Separately, Truist Financial started coverage on Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective for the company.

Amentum Price Performance

Shares of NYSE:AMTM traded up $1.56 during trading on Friday, reaching $33.40. 1,403,806 shares of the company traded hands, compared to its average volume of 1,734,105. Amentum Holdings, Inc. has a 1-year low of $23.58 and a 1-year high of $34.50.

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.