Wedge Capital Management L L P NC Acquires 23,166 Shares of Amentum Holdings, Inc. $AMTM

Wedge Capital Management L L P NC grew its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,832 shares of the company’s stock after purchasing an additional 23,166 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.08% of Amentum worth $3,882,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in Amentum in the fourth quarter valued at about $26,000. Western Wealth Management LLC purchased a new stake in Amentum in the first quarter worth $33,000. NFSG Corp bought a new stake in shares of Amentum in the first quarter valued at $35,000. Salomon & Ludwin LLC raised its stake in shares of Amentum by 98.6% in the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after buying an additional 648 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Amentum by 433.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after buying an additional 1,474 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

NYSE:AMTM opened at $21.61 on Friday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 0.66 and a beta of 0.30. 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 has a fifty day moving average of $21.82 and a 200 day moving average of $25.81. Amentum Holdings, Inc. has a 52-week low of $19.80 and a 52-week high of $38.11.

Amentum (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Amentum had a return on equity of 12.27% and a net margin of 1.44%.The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, research analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMTM shares. Wall Street Zen downgraded Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Bank of America cut their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. BNP Paribas Exane began coverage on shares of Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective for the company. Zacks Research upgraded shares of Amentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley set a $24.00 target price on shares of Amentum in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.18.

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.