KCM Investment Advisors LLC Purchases New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

KCM Investment Advisors LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 11,441 shares of the company’s stock, valued at approximately $369,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrow Financial Corp bought a new position in Amentum during the third quarter valued at $26,000. US Bancorp DE bought a new position in Amentum during the third quarter valued at $30,000. Signaturefd LLC bought a new position in shares of Amentum in the third quarter worth $33,000. HM Payson & Co. bought a new position in shares of Amentum in the third quarter worth $38,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Amentum in the third quarter worth $43,000.

Wall Street Analysts Forecast Growth

Separately, Truist Financial began coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company.

Amentum Stock Down 4.6 %

Amentum stock opened at $25.20 on Friday. Amentum Holdings, Inc. has a one year low of $23.58 and a one year high of $34.50.

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.