Wealth Enhancement Advisory Services LLC Grows Position in Amentum Holdings, Inc. (NYSE:AMTM)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 32.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,801 shares of the company’s stock after buying an additional 37,057 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Amentum were worth $2,763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMTM. Principal Financial Group Inc. lifted its position in shares of Amentum by 313.6% during the 4th quarter. Principal Financial Group Inc. now owns 602,049 shares of the company’s stock valued at $12,661,000 after buying an additional 456,475 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares in the last quarter. Amalgamated Bank lifted its position in shares of Amentum by 51.1% during the 4th quarter. Amalgamated Bank now owns 38,610 shares of the company’s stock valued at $812,000 after buying an additional 13,053 shares in the last quarter. National Pension Service purchased a new position in shares of Amentum during the 4th quarter valued at approximately $327,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Amentum by 171.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,200 shares of the company’s stock valued at $614,000 after buying an additional 18,450 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Amentum in a research report on Tuesday, June 10th. They set a “neutral” rating and a $24.00 target price on the stock. Truist Financial decreased their target price on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citizens Jmp began coverage on Amentum in a research report on Monday, May 12th. They set an “outperform” rating and a $30.00 target price on the stock. Morgan Stanley began coverage on Amentum in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price objective for the company. Finally, BTIG Research began coverage on Amentum in a research note on Tuesday, April 15th. They issued a “buy” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.22.

Amentum Stock Down 2.4%

NYSE AMTM opened at $23.47 on Friday. The business has a fifty day moving average price of $21.60 and a 200 day moving average price of $20.65. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.