Brightline Capital Management LLC Purchases 200,000 Shares of Amentum Holdings, Inc. $AMTM

Brightline Capital Management LLC raised its position in Amentum Holdings, Inc. (NYSE:AMTM) by 20.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,200,000 shares of the company’s stock after buying an additional 200,000 shares during the quarter. Amentum comprises about 11.8% of Brightline Capital Management LLC’s portfolio, making the stock its 3rd largest position. Brightline Capital Management LLC owned about 0.49% of Amentum worth $28,740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Amentum during the 2nd quarter worth approximately $25,000. Blue Trust Inc. raised its position in Amentum by 116.5% during the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after purchasing an additional 648 shares in the last quarter. Mather Group LLC. bought a new stake in Amentum during the third quarter worth $32,000. Smartleaf Asset Management LLC lifted its stake in Amentum by 433.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at $45,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Bank of America raised their price objective on Amentum from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, December 31st. BTIG Research reiterated a “buy” rating and issued a $35.00 target price on shares of Amentum in a research report on Wednesday, February 11th. Citizens Jmp boosted their target price on Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada increased their target price on shares of Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.91.

Amentum Stock Performance

Shares of Amentum stock opened at $28.74 on Wednesday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 71.85, a P/E/G ratio of 0.89 and a beta of 0.23. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $38.11. The company’s fifty day moving average is $32.68 and its 200 day moving average is $27.75. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.84.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, February 9th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.32 billion. Amentum had a return on equity of 11.56% and a net margin of 0.69%.Amentum’s revenue was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.