Permian Investment Partners LP purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,433,028 shares of the company’s stock, valued at approximately $29,620,689,000. Amentum comprises approximately 3.2% of Permian Investment Partners LP’s investment portfolio, making the stock its 9th biggest position.
Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in shares of Amentum in the 4th quarter valued at about $26,000. Global Retirement Partners LLC purchased a new stake in Amentum in the second quarter valued at approximately $31,000. Western Wealth Management LLC acquired a new stake in shares of Amentum in the first quarter valued at approximately $33,000. NFSG Corp purchased a new position in shares of Amentum during the first quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. The Goldman Sachs Group set a $24.00 price target on shares of Amentum in a research note on Thursday, August 20th. UBS Group increased their target price on shares of Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. BNP Paribas Exane initiated coverage on Amentum in a research report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price target on the stock. Morgan Stanley set a $24.00 price objective on Amentum in a research report on Tuesday, August 11th. Finally, Bank of America dropped their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.18.
Amentum Price Performance
Shares of AMTM opened at $20.56 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $21.54 and its two-hundred day moving average is $24.84. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11. The firm has a market capitalization of $5.03 billion, a PE ratio of 24.77, a P/E/G ratio of 0.59 and a beta of 0.30.
Amentum (NYSE:AMTM – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Research analysts anticipate that Amentum Holdings, Inc. will post 2.38 earnings per share 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.
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