Cacti Asset Management LLC Buys 24,600 Shares of Amentum Holdings, Inc. $AMTM

Cacti Asset Management LLC increased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 881,692 shares of the company’s stock after buying an additional 24,600 shares during the quarter. Amentum accounts for 1.6% of Cacti Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. Cacti Asset Management LLC owned 0.36% of Amentum worth $25,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its holdings in Amentum by 13.0% during the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after acquiring an additional 2,539,594 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Amentum by 19.6% in the second quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock valued at $284,044,000 after purchasing an additional 1,969,067 shares during the last quarter. State Street Corp lifted its position in shares of Amentum by 7.6% during the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after purchasing an additional 501,898 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Amentum by 52.6% during the second quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after purchasing an additional 1,882,011 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Amentum by 9.3% during the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after purchasing an additional 213,164 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Trading Down 1.9%

Shares of AMTM stock opened at $27.11 on Thursday. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 0.81 and a beta of 0.23. The company’s fifty day simple moving average is $32.35 and its two-hundred day simple moving average is $27.84. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $38.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.42.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Amentum had a return on equity of 11.56% and a net margin of 0.69%.The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.32 billion. Amentum’s revenue was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on AMTM. Citizens Jmp lifted their target price on shares of Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Morgan Stanley raised Amentum from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $20.00 to $35.00 in a report on Wednesday, November 26th. Truist Financial increased their price target on Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. UBS Group lifted their price target on Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Citigroup reissued an “outperform” rating on shares of Amentum in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.91.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.