The Manufacturers Life Insurance Company Takes Position in Amentum Holdings, Inc. $AMTM

The Manufacturers Life Insurance Company purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 273,618 shares of the company’s stock, valued at approximately $1,118,000.

A number of other large investors have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in Amentum during the 4th quarter valued at $26,000. Global Retirement Partners LLC acquired a new position in shares of Amentum in the second quarter valued at $31,000. Western Wealth Management LLC bought a new position in shares of Amentum in the first quarter valued at about $33,000. NFSG Corp acquired a new stake in shares of Amentum during the 1st quarter worth about $35,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Amentum by 433.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after buying an additional 1,474 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Amentum Price Performance

Shares of AMTM opened at $20.11 on Friday. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11. The firm’s 50 day moving average is $21.44 and its 200-day moving average is $24.28. The stock has a market capitalization of $4.92 billion, a PE ratio of 24.23, a P/E/G ratio of 0.58 and a beta of 0.26. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Amentum (NYSE:AMTM) last released 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. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts forecast that Amentum Holdings, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of research reports. The Goldman Sachs Group set a $24.00 price target on shares of Amentum in a research note on Thursday, August 20th. JPMorgan Chase & Co. reduced their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, August 17th. BNP Paribas Exane began coverage on Amentum in a research report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price on the stock. Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research downgraded Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Amentum has an average rating of “Hold” and an average price target of $29.18.

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.