Blue Trust Inc. Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Blue Trust Inc. acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,585 shares of the company’s stock, valued at approximately $117,000.

Other large investors also recently modified their holdings of the company. Arrow Financial Corp purchased a new stake in Amentum in the 3rd quarter valued at $26,000. US Bancorp DE bought a new stake in shares of Amentum in the 3rd quarter worth $30,000. Anchor Investment Management LLC purchased a new stake in shares of Amentum in the third quarter valued at about $32,000. Signaturefd LLC bought a new position in shares of Amentum during the third quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in Amentum during the third quarter worth about $35,000. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMTM. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. Truist Financial started coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday.

Amentum Trading Up 0.5 %

AMTM opened at $22.80 on Friday. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50. The company has a 50-day moving average of $22.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.57.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.