Ensign Peak Advisors Inc Increases Stake in Amentum Holdings, Inc. $AMTM

Ensign Peak Advisors Inc lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 40,586 shares of the company’s stock after buying an additional 2,326 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Amentum were worth $958,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. IFM Investors Pty Ltd purchased a new stake in shares of Amentum during the 1st quarter valued at about $411,000. Allianz Asset Management GmbH purchased a new stake in Amentum during the 1st quarter valued at approximately $704,000. GSA Capital Partners LLP purchased a new position in Amentum during the first quarter valued at $555,000. Natixis Advisors LLC increased its holdings in shares of Amentum by 145.4% in the first quarter. Natixis Advisors LLC now owns 56,858 shares of the company’s stock worth $1,035,000 after purchasing an additional 33,686 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after acquiring an additional 3,647,210 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 2.1%

NYSE AMTM opened at $28.71 on Friday. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $31.87. The company has a 50 day moving average price of $23.65 and a 200 day moving average price of $23.59. The company has a quick ratio of 1.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. The firm has a market cap of $6.99 billion, a PE ratio of 106.32, a price-to-earnings-growth ratio of 0.95 and a beta of 0.23.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum’s quarterly revenue was up 10.1% compared to the same quarter last year. Amentum has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMTM. Morgan Stanley upgraded shares of Amentum from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $20.00 to $35.00 in a report on Wednesday. Citizens Jmp increased their price objective on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Cantor Fitzgerald raised shares of Amentum from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $35.00 in a research report on Thursday, September 25th. JMP Securities set a $35.00 price target on shares of Amentum in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on shares of Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

About Amentum

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.