Amentum Holdings, Inc. $AMTM Shares Purchased by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC raised its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 105.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,845 shares of the company’s stock after acquiring an additional 30,655 shares during the quarter. Kerrisdale Advisers LLC’s holdings in Amentum were worth $1,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 2,539,594 shares during the last quarter. BlackRock Inc. acquired a new position in Amentum in the 2nd quarter valued at $370,137,000. Primecap Management Co. CA purchased a new position in shares of Amentum during the 2nd quarter worth $253,941,000. State Street Corp boosted its holdings 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 worth $167,117,000 after purchasing an additional 501,898 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Amentum by 106.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after purchasing an additional 1,954,494 shares during the period. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AMTM. UBS Group upped their price objective on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Zacks Research cut shares of Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Bank of America cut their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded Amentum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.18.

Amentum Stock Performance

NYSE:AMTM opened at $20.33 on Monday. The firm’s fifty day simple moving average is $21.49 and its 200 day simple moving average is $24.61. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 0.59 and a beta of 0.30.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm earned $0.56 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, equities research analysts expect that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

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.