Captrust Financial Advisors Buys 1,445 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Captrust Financial Advisors raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,856 shares of the company’s stock after buying an additional 1,445 shares during the quarter. Captrust Financial Advisors’ holdings in Amentum were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank purchased a new stake in Amentum during the fourth quarter valued at $30,000. IFP Advisors Inc grew its stake 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 purchasing an additional 833 shares during the period. Asset Planning Inc purchased a new stake in shares of Amentum during the 4th quarter valued at about $36,000. Horizon Investments LLC bought a new position in shares of Amentum in the 4th quarter worth approximately $36,000. Finally, National Bank of Canada FI lifted its stake in shares of Amentum by 31,328.6% in the 4th quarter. National Bank of Canada FI now owns 2,200 shares of the company’s stock worth $46,000 after purchasing an additional 2,193 shares during the period. 39.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMTM has been the subject of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price objective for the company. Truist Financial cut their price target on Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price objective on the stock. Finally, Citizens Jmp assumed coverage on Amentum in a research report on Monday, May 12th. They set an “outperform” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.38.

Amentum Trading Up 1.2%

Shares of AMTM stock opened at $21.86 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $21.50. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. As a group, analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 18.67% of the stock is currently owned by corporate insiders.

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.