2,472 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC bought a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,472 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in Amentum in the 3rd quarter worth approximately $32,000. Glen Eagle Advisors LLC bought a new stake in Amentum in the third quarter valued at approximately $35,000. IFP Advisors Inc lifted its position in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. Asset Planning Inc bought a new stake in Amentum in the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC lifted its position in Amentum by 333.1% in the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock valued at $37,000 after purchasing an additional 1,349 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

AMTM has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on Amentum in a research report on Thursday. They issued a “neutral” rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.20.

Insider Activity

In other news, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Amentum Price Performance

AMTM opened at $18.33 on Monday. 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 52-week low of $16.95 and a 52-week high of $34.47. The company’s 50 day simple moving average is $20.44.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

About Amentum

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.