683 Capital Management LLC Lowers Stake in Amentum Holdings, Inc. $AMTM

683 Capital Management LLC reduced its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 34.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,000 shares of the company’s stock after selling 440,000 shares during the quarter. Amentum accounts for approximately 1.1% of 683 Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. 683 Capital Management LLC’s holdings in Amentum were worth $24,215,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMTM. Legacy Advisors LLC purchased a new position in Amentum in the 4th quarter valued at about $284,614,000. Focus Partners Wealth lifted its stake in Amentum by 8,467.6% in the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after buying an additional 2,761,801 shares in the last quarter. 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 valued at $529,698,000 after buying an additional 2,539,594 shares in the last quarter. Norges Bank purchased a new position in Amentum in the 4th quarter valued at about $66,529,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Amentum in the 2nd quarter valued at about $32,576,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMTM shares. Weiss Ratings raised shares of Amentum from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada decreased their price target on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of Amentum in a research note on Thursday, May 14th. Finally, Morgan Stanley started coverage on shares of Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target on the stock. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.00.

Amentum Trading Down 3.1%

AMTM opened at $21.47 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50 day simple moving average is $24.51 and its two-hundred day simple moving average is $28.47. Amentum Holdings, Inc. has a 1-year low of $21.11 and a 1-year high of $38.11. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 0.65 and a beta of 0.27.

Amentum (NYSE:AMTM) last released its earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company posted $0.53 EPS. The business’s revenue was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

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.