Mutual of America Capital Management LLC Has $458,000 Stock Position in Amentum Holdings, Inc. $AMTM

Mutual of America Capital Management LLC reduced its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,379 shares of the company’s stock after selling 1,578 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Amentum were worth $458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Amentum in the 1st quarter valued at approximately $30,000. Signaturefd LLC increased its position in shares of Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Amentum during the second quarter worth $48,000. GAMMA Investing LLC increased its position in shares of Amentum by 78.8% during the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock worth $57,000 after buying an additional 1,383 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Amentum by 11.6% during the second quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock worth $97,000 after buying an additional 430 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Down 2.6%

Shares of NYSE AMTM opened at $21.87 on Wednesday. The firm has a market cap of $5.32 billion and a PE ratio of 56.07. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47. The company’s fifty day simple moving average is $23.74 and its 200 day simple moving average is $23.05. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. 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. As a group, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMTM has been the subject of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Royal Bank Of Canada increased their price objective on shares of Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Cantor Fitzgerald upgraded shares of Amentum from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $35.00 in a research report on Thursday, September 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.