Truist Financial Corp Buys 794 Shares of Amentum Holdings, Inc. $AMTM

Truist Financial Corp increased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 3.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,516 shares of the company’s stock after acquiring an additional 794 shares during the period. Truist Financial Corp’s holdings in Amentum were worth $532,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Amentum in the first quarter valued at approximately $5,238,000. Principal Financial Group Inc. grew its position in Amentum by 18.3% during the first quarter. Principal Financial Group Inc. now owns 712,172 shares of the company’s stock worth $12,962,000 after buying an additional 110,123 shares in the last quarter. Amalgamated Bank grew its position in Amentum by 12.3% during the first quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock worth $789,000 after buying an additional 4,756 shares in the last quarter. KBC Group NV grew its position in Amentum by 14.3% during the first quarter. KBC Group NV now owns 7,339 shares of the company’s stock worth $134,000 after buying an additional 918 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Amentum during the first quarter worth approximately $615,000. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

AMTM has been the topic of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. The Goldman Sachs Group raised their target price on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Truist Financial raised their target price on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. initiated coverage on Amentum in a report on Thursday, October 9th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Bank of America raised their target price on Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.55.

Amentum Stock Performance

Shares of AMTM opened at $23.04 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $22.67. The company has a market cap of $5.61 billion and a PE ratio of 59.08. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.Amentum’s quarterly revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, equities research analysts predict 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.