Barbara Loughran Purchases 4,600 Shares of Amentum Holdings, Inc. (NYSE:AMTM) Stock

Amentum Holdings, Inc. (NYSE:AMTM) Director Barbara Loughran bought 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 acquisition, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Amentum Stock Performance

NYSE AMTM traded down $0.48 during trading on Thursday, reaching $20.74. The company’s stock had a trading volume of 1,939,605 shares, compared to its average volume of 2,295,880. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The company has a 50 day moving average of $21.49.

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

Institutional Trading of Amentum

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock worth $347,888,000 after acquiring an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after acquiring an additional 14,652,319 shares during the period. Invesco Ltd. lifted its holdings in shares of Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after acquiring an additional 6,055,638 shares during the period. State Street Corp bought a new stake in shares of Amentum during the 3rd quarter worth approximately $236,306,000. Finally, Primecap Management Co. CA lifted its holdings in shares of Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after acquiring an additional 1,143,097 shares during the period. Institutional investors own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

AMTM has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. Finally, 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 objective for the company.

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.