Amentum Holdings, Inc. $AMTM Holdings Raised by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC increased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 88.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,269 shares of the company’s stock after buying an additional 29,269 shares during the period. Lebenthal Global Advisors LLC’s holdings in Amentum were worth $1,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMTM. BlackRock Inc. acquired a new stake in Amentum during the 2nd quarter worth about $370,137,000. Bank of America Corp DE raised its position in shares of Amentum by 107.8% in the 1st quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after acquiring an additional 1,247,614 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Amentum in the 2nd quarter valued at about $18,150,000. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Amentum in the 2nd quarter valued at about $2,924,000. Finally, Troluce Capital Advisors LLC acquired a new position in shares of Amentum in the 1st quarter valued at about $26,080,000. Institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 1.1%

NYSE:AMTM opened at $21.82 on Friday. Amentum Holdings, Inc. has a 12 month low of $17.72 and a 12 month high of $38.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 0.60 and a beta of 0.31. The firm has a fifty day simple moving average of $19.82 and a two-hundred day simple moving average of $24.57.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on AMTM. JPMorgan Chase & Co. cut their target price on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Wall Street Zen downgraded Amentum from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Amentum from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st. BTIG Research dropped their price target on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, UBS Group increased their price target on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.91.

Amentum Profile

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.