Maryland State Retirement & Pension System Has $1.22 Million Stake in Amentum Holdings, Inc. $AMTM

Maryland State Retirement & Pension System grew its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,806 shares of the company’s stock after purchasing an additional 2,784 shares during the period. Maryland State Retirement & Pension System’s holdings in Amentum were worth $1,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Amentum in the 1st quarter worth $30,000. Signaturefd LLC boosted its position in shares of Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after acquiring an additional 916 shares in the last quarter. FNY Investment Advisers LLC boosted its position in shares of Amentum by 380.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock valued at $43,000 after acquiring an additional 1,900 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after acquiring an additional 1,383 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Amentum by 11.6% during the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock valued at $97,000 after acquiring an additional 430 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMTM shares. Morgan Stanley lifted their target price on shares of Amentum from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, September 18th. The Goldman Sachs Group lifted their price target on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Royal Bank Of Canada lifted their price target on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Finally, Cantor Fitzgerald raised shares of Amentum from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $35.00 in a report on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Amentum has a consensus rating of “Hold” and a consensus target price of $28.55.

Amentum Price Performance

Shares of AMTM stock opened at $23.34 on Monday. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The firm’s 50 day moving average is $24.35 and its 200-day moving average is $22.62. The firm has a market capitalization of $5.68 billion and a price-to-earnings ratio of 59.85. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum’s revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Amentum Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.