86,692 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 86,692 shares of the company’s stock, valued at approximately $1,823,000.

Several other large investors also recently bought and sold shares of AMTM. Wilmington Savings Fund Society FSB acquired a new stake in shares of Amentum in the third quarter worth approximately $790,000. JPMorgan Chase & Co. purchased a new position in Amentum in the 3rd quarter valued at $8,739,000. Foundations Investment Advisors LLC acquired a new stake in Amentum during the 4th quarter worth $409,000. A. D. Beadell Investment Counsel Inc. grew its holdings in shares of Amentum by 177.0% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company’s stock worth $907,000 after buying an additional 27,575 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Amentum in the third quarter valued at about $6,840,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Amentum Trading Down 0.4 %

NYSE:AMTM opened at $18.38 on Friday. The company has a 50-day moving average price of $20.07. Amentum Holdings, Inc. has a 1-year low of $16.95 and a 1-year high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

AMTM has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective for the company. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.20.

Amentum Company Profile

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.