Principal Financial Group Inc. Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Principal Financial Group Inc. purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 145,574 shares of the company’s stock, valued at approximately $4,695,000. Principal Financial Group Inc. owned 0.06% of Amentum as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMTM. State Street Corp purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $236,306,000. Primecap Management Co. CA bought a new position in Amentum in the third quarter worth $169,999,000. Geode Capital Management LLC purchased a new position in Amentum during the third quarter valued at $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of Amentum during the 3rd quarter valued at $81,608,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Amentum in the 3rd quarter worth about $78,399,000. Institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of recent research reports. Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Truist Financial initiated coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 target price for the company.

Amentum Stock Performance

NYSE AMTM opened at $21.66 on Friday. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The business has a fifty day moving average of $24.96.

Amentum Company 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.