Signaturefd LLC Grows Holdings in Amentum Holdings, Inc. $AMTM

Signaturefd LLC boosted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,241 shares of the company’s stock after purchasing an additional 477 shares during the quarter. Signaturefd LLC’s holdings in Amentum were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMTM. GAMMA Investing LLC grew its position in Amentum by 3,155.0% during the 1st quarter. GAMMA Investing LLC now owns 57,093 shares of the company’s stock valued at $1,039,000 after purchasing an additional 55,339 shares during the last quarter. Rhumbline Advisers grew its position in Amentum by 5.1% during the 1st quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock valued at $5,644,000 after purchasing an additional 14,919 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Amentum by 32.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 151,801 shares of the company’s stock valued at $2,763,000 after acquiring an additional 37,057 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new stake in shares of Amentum during the 1st quarter valued at about $592,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Amentum during the 1st quarter valued at about $615,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMTM. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Cantor Fitzgerald raised shares of Amentum from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $35.00 in a report on Thursday, September 25th. Truist Financial raised their price target on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America raised their price target on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised their price target on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.40.

Amentum Price Performance

NYSE AMTM opened at $26.28 on Tuesday. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47. The stock has a market cap of $6.39 billion and a price-to-earnings ratio of 67.39. The company’s 50 day moving average is $24.37 and its two-hundred day moving average is $22.46. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97.

Amentum (NYSE:AMTM) last released its earnings results 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 net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. The business’s revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current 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.