Strategic Global Advisors LLC Takes Position in Amentum Holdings, Inc. $AMTM

Strategic Global Advisors LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 99,103 shares of the company’s stock, valued at approximately $2,048,000.

Several other hedge funds have also modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new position in Amentum during the fourth quarter worth approximately $26,000. Western Wealth Management LLC acquired a new stake in shares of Amentum during the 1st quarter worth $33,000. NFSG Corp acquired a new stake in shares of Amentum during the 1st quarter worth $35,000. Global Retirement Partners LLC purchased a new position in shares of Amentum in the 2nd quarter worth $31,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Amentum in the fourth quarter valued at $48,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMTM. Zacks Research lowered Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Truist Financial reiterated a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. 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 research report on Wednesday, August 12th. Finally, BTIG Research cut their price target on shares of Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.18.

Amentum Stock Up 1.5%

Shares of Amentum stock opened at $20.56 on Thursday. The company has a fifty day moving average price of $21.54 and a 200 day moving average price of $24.84. 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 stock has a market cap of $5.03 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth 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. Equities research analysts forecast 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.