Oppenheimer Asset Management Inc. Makes New $508,000 Investment in Amentum Holdings, Inc. $AMTM

Oppenheimer Asset Management Inc. purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,597 shares of the company’s stock, valued at approximately $508,000.

A number of other large investors also recently modified their holdings of the company. Legacy Advisors LLC bought a new stake in Amentum during the 4th quarter worth $284,614,000. Focus Partners Wealth raised its position in Amentum by 8,467.6% in the fourth quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after purchasing an additional 2,761,801 shares during the last quarter. Invesco Ltd. raised its position in Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after purchasing an additional 2,539,594 shares during the last quarter. Norges Bank acquired a new stake in shares of Amentum during the fourth quarter valued at about $66,529,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Amentum by 106.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after purchasing an additional 1,954,494 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMTM has been the topic of several research reports. Truist Financial restated a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. BTIG Research dropped their price objective on shares of Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. BNP Paribas Exane began coverage on shares of Amentum in a research report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 target price on the stock. Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley set a $24.00 price target on shares of Amentum in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.70.

Amentum Trading Down 5.3%

Shares of AMTM stock opened at $20.33 on Tuesday. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 0.63 and a beta of 0.30. The stock has a 50-day moving average of $21.74 and a 200-day moving average of $25.61. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum Holdings, Inc. has a 1-year low of $19.80 and a 1-year high of $38.11.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.36 earnings per share for the current year.

Amentum Company 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.