Neville Rodie & Shaw Inc. Sells 23,901 Shares of Amentum Holdings, Inc. $AMTM

Neville Rodie & Shaw Inc. reduced its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 44.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,442 shares of the company’s stock after selling 23,901 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Amentum were worth $695,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMTM. Captrust Financial Advisors boosted its position in shares of Amentum by 5.9% in the 4th quarter. Captrust Financial Advisors now owns 25,856 shares of the company’s stock worth $544,000 after purchasing an additional 1,445 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Amentum by 38.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 119,936 shares of the company’s stock worth $2,522,000 after purchasing an additional 33,546 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Amentum during the fourth quarter worth about $249,000. Millennium Management LLC lifted its holdings in Amentum by 78.1% during the fourth quarter. Millennium Management LLC now owns 1,196,574 shares of the company’s stock worth $25,164,000 after acquiring an additional 524,807 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Amentum by 36.7% during the fourth quarter. Quantinno Capital Management LP now owns 37,315 shares of the company’s stock worth $785,000 after acquiring an additional 10,022 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

AMTM opened at $23.85 on Friday. The business’s 50-day moving average price is $24.77 and its two-hundred day moving average price is $21.90. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50. The company has a market capitalization of $5.80 billion and a price-to-earnings ratio of 61.16. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.51 billion. The business’s quarterly 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. Equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Raymond James Financial reiterated an “outperform” rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Royal Bank Of Canada lifted their target price on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Bank of America lifted their target price on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, Truist Financial lifted their target price on Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amentum has a consensus rating of “Hold” and an average price target of $27.30.

Amentum Company 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.