New York State Teachers Retirement System Boosts Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

New York State Teachers Retirement System grew its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,122 shares of the company’s stock after purchasing an additional 7,987 shares during the quarter. New York State Teachers Retirement System owned approximately 0.05% of Amentum worth $2,610,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in Amentum in the 4th quarter worth $36,000. Two Point Capital Management Inc. purchased a new stake in Amentum in the 4th quarter worth $1,853,000. Van ECK Associates Corp purchased a new stake in Amentum in the 4th quarter worth $23,812,000. Louisiana State Employees Retirement System increased its holdings in Amentum by 757.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 60,000 shares of the company’s stock worth $1,262,000 after acquiring an additional 53,000 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in Amentum by 31.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 32,259 shares of the company’s stock worth $678,000 after acquiring an additional 7,769 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Price Performance

Shares of AMTM stock opened at $20.06 on Friday. The firm’s 50-day moving average price is $21.38. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50.

Amentum (NYSE:AMTM) last announced its quarterly earnings results 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. Equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on AMTM. Cantor Fitzgerald began coverage on shares of Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price target for the company. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th.

Insider Activity

In related news, Director Barbara Loughran bought 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Amentum 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.