Gabelli Funds LLC Boosts Stock Holdings in Amentum Holdings, Inc. $AMTM

Gabelli Funds LLC grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 226.3% during the first quarter, Holdings Channel reports. The institutional investor owned 69,783 shares of the company’s stock after purchasing an additional 48,395 shares during the quarter. Gabelli Funds LLC’s holdings in Amentum were worth $1,820,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMTM. Sound Income Strategies LLC lifted its stake in shares of Amentum by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after acquiring an additional 425 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Amentum by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock valued at $867,000 after acquiring an additional 462 shares during the period. EverSource Wealth Advisors LLC grew its position in Amentum by 35.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $54,000 after acquiring an additional 481 shares during the last quarter. BCS Private Wealth Management Inc. grew its position in Amentum by 5.0% during the 4th quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock worth $348,000 after acquiring an additional 575 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Amentum by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research upgraded Amentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada cut their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Morgan Stanley initiated coverage on shares of Amentum in a report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.00.

Amentum Stock Performance

Shares of AMTM stock opened at $21.84 on Thursday. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11. The stock has a market cap of $5.34 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average price is $21.86 and its 200-day moving average price is $26.70.

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. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business earned $0.53 EPS. Amentum’s quarterly revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Amentum Profile

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.