Hilltop National Bank Acquires Shares of 2,554 Amentum Holdings, Inc. (NYSE:AMTM)

Hilltop National Bank acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,554 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors have also recently bought and sold shares of AMTM. Arrow Financial Corp bought a new position in shares of Amentum during the 3rd quarter worth $26,000. US Bancorp DE bought a new position in Amentum in the 3rd quarter worth about $30,000. Anchor Investment Management LLC bought a new position in Amentum in the 3rd quarter worth about $32,000. Signaturefd LLC bought a new position in Amentum in the 3rd quarter worth about $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum in the 3rd quarter worth about $35,000. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

AMTM opened at $22.60 on Friday. The stock’s 50 day moving average is $24.14. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50.

Analysts Set New Price Targets

Several research firms have weighed in on AMTM. Truist Financial began coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target on the stock. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada began coverage on Amentum in a report on Friday. They set a “sector perform” rating and a $24.00 price objective on the stock.

Amentum 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.