Wedge Capital Management L L P NC Buys 23,166 Shares of Amentum Holdings, Inc. $AMTM

Wedge Capital Management L L P NC boosted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 14.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 187,832 shares of the company’s stock after buying an additional 23,166 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Amentum were worth $3,882,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Maryland State Retirement & Pension System increased its stake in Amentum by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock worth $867,000 after purchasing an additional 462 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Amentum by 35.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after purchasing an additional 481 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Amentum by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after purchasing an additional 600 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Amentum by 4.6% in the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after purchasing an additional 638 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in shares of Amentum by 98.6% in the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after buying an additional 648 shares during the period. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Zacks Research upgraded shares of Amentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Morgan Stanley set a $24.00 price objective on shares of Amentum in a research note on Tuesday. UBS Group increased their target price on shares of Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, 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 note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.18.

Amentum Stock Performance

NYSE:AMTM opened at $21.61 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. The firm’s fifty day simple moving average is $21.82 and its 200 day simple moving average is $25.81. The stock has a market cap of $5.28 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 0.66 and a beta of 0.30. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.27%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, research analysts predict that Amentum Holdings, Inc. will post 2.36 EPS for the current year.

About Amentum

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.