Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 14.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,665 shares of the company’s stock after selling 2,025 shares during the quarter. Brown Advisory Inc.’s holdings in Amentum were worth $212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Amentum during the 4th quarter worth approximately $1,504,000. Amundi bought a new stake in shares of Amentum in the 4th quarter worth approximately $277,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock worth $84,000 after purchasing an additional 730 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Amentum in the 4th quarter worth approximately $52,000. Finally, Corient Private Wealth LLC lifted its holdings in shares of Amentum by 102.1% in the 4th quarter. Corient Private Wealth LLC now owns 72,783 shares of the company’s stock worth $1,531,000 after purchasing an additional 36,778 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

AMTM has been the topic of several analyst reports. Royal Bank Of Canada set a $24.00 target price on Amentum and gave the company a “sector perform” rating in a research report on Wednesday, May 21st. Truist Financial lowered their target price on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. BTIG Research initiated coverage on Amentum in a research report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 target price on the stock. The Goldman Sachs Group initiated coverage on Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Bank of America initiated coverage on Amentum in a research report on Tuesday, June 10th. They issued a “neutral” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.22.

Amentum Stock Up 2.2%

Shares of AMTM stock opened at $24.27 on Thursday. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The business’s fifty day moving average is $22.35 and its 200-day moving average is $20.91. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.01.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. Analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.