Voya Investment Management LLC Has $11.43 Million Stake in Amentum Holdings, Inc. $AMTM

Voya Investment Management LLC boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 55.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,154 shares of the company’s stock after buying an additional 224,039 shares during the quarter. Voya Investment Management LLC owned approximately 0.26% of Amentum worth $11,432,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new position in Amentum in the 1st quarter valued at $30,000. Signaturefd LLC raised its position in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares during the last quarter. FNY Investment Advisers LLC raised its position in Amentum by 380.0% in the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock valued at $43,000 after purchasing an additional 1,900 shares during the last quarter. GAMMA Investing LLC raised its position in Amentum by 78.8% in the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after purchasing an additional 1,383 shares during the last quarter. Finally, State of Wyoming raised its position in Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company’s stock valued at $58,000 after purchasing an additional 833 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Down 1.3%

Shares of Amentum stock opened at $22.65 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The business has a fifty day simple moving average of $24.72 and a 200 day simple moving average of $21.95. The stock has a market cap of $5.51 billion and a PE ratio of 58.08.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Amentum’s revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMTM. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Royal Bank Of Canada lifted their price objective on Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Truist Financial lifted their price objective on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group boosted their target price on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Amentum currently has a consensus rating of “Hold” and a consensus target price of $27.30.

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.