Cwm LLC Has $413,000 Holdings in Amentum Holdings, Inc. $AMTM

Cwm LLC boosted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 303.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,482 shares of the company’s stock after purchasing an additional 13,148 shares during the period. Cwm LLC’s holdings in Amentum were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Securities LLC acquired a new stake in shares of Amentum during the first quarter worth $798,869,000. Primecap Management Co. CA lifted its holdings in Amentum by 56.9% during the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after acquiring an additional 3,647,210 shares in the last quarter. Invesco Ltd. lifted its holdings in Amentum by 24.1% during the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company’s stock worth $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Voss Capital LP lifted its holdings in Amentum by 393.7% during the first quarter. Voss Capital LP now owns 2,220,709 shares of the company’s stock worth $40,417,000 after acquiring an additional 1,770,891 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Amentum by 68.1% in the first quarter. Millennium Management LLC now owns 2,011,792 shares of the company’s stock valued at $36,615,000 after purchasing an additional 815,218 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 2.7%

Shares of AMTM opened at $22.54 on Friday. The stock has a market cap of $5.48 billion and a PE ratio of 57.79. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The business’s 50-day moving average price is $23.84 and its 200-day moving average price is $22.95. 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 (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.Amentum’s revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AMTM shares. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Cantor Fitzgerald raised Amentum from a “neutral” rating to an “overweight” rating and upped their target price for the company from $25.00 to $35.00 in a research report on Thursday, September 25th. JPMorgan Chase & Co. initiated coverage on Amentum in a research report on Thursday, October 9th. They issued a “neutral” rating and a $30.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Amentum in a research report on Friday. Finally, Bank of America upped their target price on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.55.

About Amentum

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.