Amentum Holdings, Inc. (NYSE:AMTM) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 313.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602,049 shares of the company’s stock after purchasing an additional 456,475 shares during the period. Principal Financial Group Inc. owned 0.25% of Amentum worth $12,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp acquired a new stake in shares of Amentum during the 3rd quarter worth about $236,306,000. Primecap Management Co. CA purchased a new position in shares of Amentum during the third quarter valued at approximately $169,999,000. Geode Capital Management LLC acquired a new stake in Amentum during the third quarter worth approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in Amentum in the 3rd quarter worth approximately $81,608,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Amentum in the 3rd quarter valued at $39,613,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Price Performance

Shares of NYSE AMTM opened at $19.27 on Friday. 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 company’s fifty day moving average is $21.26. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50.

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

Insider Activity

In related news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou acquired 100,000 shares of Amentum stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This represents 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.

Analyst Upgrades and Downgrades

AMTM has been the topic of several analyst reports. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday.

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.