Treasurer of the State of North Carolina Has $1.20 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

Treasurer of the State of North Carolina lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,093 shares of the company’s stock after buying an additional 2,620 shares during the period. Treasurer of the State of North Carolina’s holdings in Amentum were worth $1,201,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stifel Financial Corp acquired a new position in Amentum during the third quarter valued at approximately $2,107,000. Jane Street Group LLC bought a new stake in shares of Amentum during the 3rd quarter worth approximately $1,843,000. XTX Topco Ltd acquired a new stake in shares of Amentum in the 3rd quarter valued at approximately $238,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at approximately $352,000. Finally, MML Investors Services LLC bought a new position in shares of Amentum in the third quarter valued at $449,000. Institutional investors own 39.93% of the company’s stock.

Insiders Place Their Bets

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

Amentum Price Performance

NYSE:AMTM opened at $18.75 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average price is $18.88. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

AMTM has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Morgan Stanley initiated coverage on Amentum in a report on Wednesday. They set an “underweight” rating and a $19.00 target price on the stock. Finally, Cantor Fitzgerald raised Amentum to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.71.

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.