Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Allworth Financial LP

Allworth Financial LP raised its position in Amentum Holdings, Inc. (NYSE:AMTM) by 64.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,133 shares of the company’s stock after purchasing an additional 2,795 shares during the period. Allworth Financial LP’s holdings in Amentum were worth $165,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Arrow Financial Corp acquired a new stake in shares of Amentum during the third quarter valued at $26,000. US Bancorp DE acquired a new stake in shares of Amentum during the third quarter valued at $30,000. Anchor Investment Management LLC acquired a new stake in shares of Amentum during the third quarter valued at $32,000. Signaturefd LLC acquired a new stake in shares of Amentum during the third quarter valued at $33,000. Finally, Glen Eagle Advisors LLC acquired a new stake in shares of Amentum during the third quarter valued at $35,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald assumed coverage on Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock.

Amentum Price Performance

Shares of NYSE:AMTM opened at $20.06 on Friday. The stock has a 50-day simple moving average of $21.38. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

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.