Amentum Holdings, Inc. $AMTM Position Decreased by Penn Capital Management Company LLC

Penn Capital Management Company LLC decreased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 4.3% in the third quarter, HoldingsChannel reports. The fund owned 960,607 shares of the company’s stock after selling 42,865 shares during the quarter. Amentum makes up about 1.8% of Penn Capital Management Company LLC’s portfolio, making the stock its 2nd largest holding. Penn Capital Management Company LLC’s holdings in Amentum were worth $23,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in Amentum by 116.5% in the 3rd quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after purchasing an additional 648 shares during the period. Mather Group LLC. purchased a new position in Amentum during the third quarter valued at $32,000. Smartleaf Asset Management LLC grew its holdings in Amentum by 433.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after purchasing an additional 1,474 shares during the period. Heartwood Wealth Advisors LLC purchased a new stake in Amentum in the third quarter worth about $45,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in Amentum in the second quarter worth about $46,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMTM. JPMorgan Chase & Co. raised their price objective on Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Cantor Fitzgerald increased their target price on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Bank of America raised their target price on shares of Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 31st. Morgan Stanley raised shares of Amentum from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $20.00 to $35.00 in a report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.91.

Amentum Stock Up 0.8%

Shares of AMTM opened at $27.66 on Wednesday. The business’s 50 day moving average is $32.44 and its 200 day moving average is $27.85. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.84. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $38.11. The company has a market capitalization of $6.75 billion, a PE ratio of 69.15, a price-to-earnings-growth ratio of 0.81 and a beta of 0.23.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Amentum had a return on equity of 11.56% and a net margin of 0.69%.The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.32 billion. Amentum’s revenue was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.