Maverick Capital Ltd. Makes New Investment in Amentum Holdings, Inc. $AMTM

Maverick Capital Ltd. acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,335 shares of the company’s stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. increased its holdings in Amentum by 13.0% in the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after buying an additional 2,539,594 shares during the period. Primecap Management Co. CA boosted its position in shares of Amentum by 1.7% during the 4th quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock valued at $351,681,000 after acquiring an additional 208,341 shares in the last quarter. Legacy Advisors LLC bought a new stake in Amentum in the fourth quarter valued at about $284,614,000. State Street Corp raised its position in Amentum by 7.6% in the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock worth $167,117,000 after purchasing an additional 501,898 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Amentum by 106.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after purchasing an additional 1,954,494 shares during the period. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

Shares of AMTM stock opened at $23.43 on Wednesday. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11. The stock has a market capitalization of $5.72 billion, a PE ratio of 39.05, a PEG ratio of 0.67 and a beta of 0.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The stock’s fifty day moving average is $21.87 and its 200-day moving average is $26.78.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. Truist Financial reissued a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $40.00 target price on shares of Amentum in a research report on Monday, April 13th. Finally, Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Amentum presently has an average rating of “Hold” and an average target price of $32.00.

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.