Louisiana State Employees Retirement System Acquires New Shares in Amentum Holdings, Inc. $AMTM

Louisiana State Employees Retirement System acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,200 shares of the company’s stock, valued at approximately $1,779,000.

Several other large investors have also added to or reduced their stakes in AMTM. Sound Income Strategies LLC increased its position in shares of Amentum by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 425 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Amentum by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock valued at $867,000 after acquiring an additional 462 shares during the period. EverSource Wealth Advisors LLC grew its stake in Amentum by 35.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after acquiring an additional 481 shares in the last quarter. BCS Private Wealth Management Inc. increased its holdings in Amentum by 5.0% during the 4th quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock worth $348,000 after acquiring an additional 575 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Amentum by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after acquiring an additional 600 shares during the period. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. 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 report on Wednesday, May 13th. Weiss Ratings downgraded Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Citizens Jmp reissued a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research note on Monday, April 13th. Finally, Morgan Stanley assumed coverage on Amentum in a report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.00.

Amentum Trading Up 2.5%

NYSE AMTM opened at $20.73 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. The stock’s 50-day simple moving average is $23.36 and its two-hundred day simple moving average is $27.96. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 0.59 and a beta of 0.27.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The company’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts forecast 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.