Amentum Holdings, Inc. $AMTM Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its position in Amentum Holdings, Inc. (NYSE:AMTM) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 11,918,586 shares of the company’s stock after selling 112,070 shares during the quarter. Primecap Management Co. CA’s holdings in Amentum were worth $285,450,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMTM. Thrivent Financial for Lutherans boosted its holdings in shares of Amentum by 7.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,805,411 shares of the company’s stock valued at $43,240,000 after acquiring an additional 118,306 shares during the period. Lingohr Asset Management GmbH increased its holdings in shares of Amentum by 1,650.0% in the third quarter. Lingohr Asset Management GmbH now owns 175,000 shares of the company’s stock valued at $4,191,000 after purchasing an additional 165,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Amentum by 9.3% during the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after purchasing an additional 213,164 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Amentum by 16.3% during the third quarter. Public Sector Pension Investment Board now owns 597,976 shares of the company’s stock worth $14,322,000 after purchasing an additional 83,804 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Amentum by 66.5% during the third quarter. Voya Investment Management LLC now owns 1,084,969 shares of the company’s stock worth $25,985,000 after purchasing an additional 433,397 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMTM. Royal Bank Of Canada upped their price objective on shares of Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald boosted their target price on Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Wall Street Zen downgraded Amentum from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Truist Financial lifted their price target on Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.91.

Amentum Stock Performance

NYSE AMTM opened at $29.58 on Thursday. The business’s 50-day moving average price is $32.55 and its 200 day moving average price is $27.41. 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 twelve month low of $16.01 and a twelve month high of $38.11. The company has a market capitalization of $7.21 billion, a PE ratio of 73.94, a price-to-earnings-growth ratio of 0.88 and a beta of 0.01.

Amentum (NYSE:AMTM) last released its earnings results on Monday, February 9th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The firm 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% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 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.