Yousif Capital Management LLC Sells 2,330 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Yousif Capital Management LLC decreased its position in Amentum Holdings, Inc. (NYSE:AMTM) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,440 shares of the company’s stock after selling 2,330 shares during the quarter. Yousif Capital Management LLC’s holdings in Amentum were worth $845,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in Amentum by 6.9% during the fourth quarter. New York State Teachers Retirement System now owns 124,122 shares of the company’s stock valued at $2,610,000 after buying an additional 7,987 shares during the last quarter. Rhumbline Advisers raised its position in shares of Amentum by 33.1% in the 4th quarter. Rhumbline Advisers now owns 295,184 shares of the company’s stock worth $6,208,000 after purchasing an additional 73,326 shares during the last quarter. Allworth Financial LP boosted its stake in Amentum by 64.4% in the 4th quarter. Allworth Financial LP now owns 7,133 shares of the company’s stock worth $165,000 after purchasing an additional 2,795 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Amentum by 120.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 95,677 shares of the company’s stock valued at $2,012,000 after purchasing an additional 52,341 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Amentum by 313.6% during the 4th quarter. Principal Financial Group Inc. now owns 602,049 shares of the company’s stock valued at $12,661,000 after purchasing an additional 456,475 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMTM. Bank of America started coverage on shares of Amentum in a report on Tuesday, June 10th. They issued a “neutral” rating and a $24.00 target price for the company. BTIG Research assumed coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 price objective for the company. Truist Financial cut their target price on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citizens Jmp initiated coverage on Amentum in a report on Monday, May 12th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Morgan Stanley assumed coverage on Amentum in a report on Wednesday, April 16th. They set an “underweight” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.22.

Amentum Stock Performance

Shares of AMTM opened at $21.87 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The business has a fifty day moving average of $21.10 and a 200 day moving average of $20.69.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. As a group, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share 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.