Amentum Holdings, Inc. (NYSE:AMTM) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 120.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,677 shares of the company’s stock after buying an additional 52,341 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Amentum were worth $2,012,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in Amentum during the 3rd quarter worth about $33,000. Private Advisor Group LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $433,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Amentum during the third quarter valued at approximately $250,000. CENTRAL TRUST Co acquired a new stake in Amentum during the third quarter worth approximately $399,000. Finally, IFM Investors Pty Ltd purchased a new stake in Amentum in the 3rd quarter worth approximately $729,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Insider Buying and Selling

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $21.23 per share, for a total transaction 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 trade represents a ∞ 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 Stock Performance

AMTM stock opened at $20.06 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The business’s fifty day moving average price is $21.38. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. Research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.