Cacti Asset Management LLC Increases Stock Holdings in Amentum Holdings, Inc. $AMTM

Cacti Asset Management LLC boosted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 881,692 shares of the company’s stock after purchasing an additional 24,600 shares during the period. Amentum makes up 1.6% of Cacti Asset Management LLC’s holdings, making the stock its 19th largest holding. Cacti Asset Management LLC’s holdings in Amentum were worth $25,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMTM. Invesco Ltd. lifted its stake in Amentum by 13.0% in the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after purchasing an additional 2,539,594 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Amentum by 19.6% during the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock valued at $284,044,000 after purchasing an additional 1,969,067 shares in the last quarter. State Street Corp grew its position in shares of Amentum by 7.6% during the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after purchasing an additional 501,898 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Amentum by 52.6% in the second quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after purchasing an additional 1,882,011 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Amentum by 9.3% in the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after purchasing an additional 213,164 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

NYSE AMTM opened at $27.11 on Thursday. The company has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $27.84. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $38.11. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 0.81 and a beta of 0.23. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.84.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Monday, February 9th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Amentum had a return on equity of 11.56% and a net margin of 0.69%.The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.32 billion. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Truist Financial upped their target price on Amentum from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Cantor Fitzgerald raised their price target on Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their price target on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, UBS Group boosted their price objective on Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.91.

About Amentum

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.