BlackRock Inc. Invests $370.14 Million in Amentum Holdings, Inc. $AMTM

BlackRock Inc. acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,906,984 shares of the company’s stock, valued at approximately $370,137,000. BlackRock Inc. owned approximately 0.07% of Amentum as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Partners Wealth raised its holdings in shares of Amentum by 8,467.6% during the fourth quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after acquiring an additional 2,761,801 shares during the last quarter. Invesco Ltd. lifted its position in Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after buying an additional 2,539,594 shares in the last quarter. Norges Bank acquired a new position in Amentum during the fourth quarter worth $66,529,000. Dimensional Fund Advisors LP boosted its stake in Amentum by 106.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after buying an additional 1,954,494 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Amentum in the 2nd quarter valued at $32,576,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Up 1.2%

NYSE AMTM opened at $20.31 on Wednesday. The firm’s 50-day moving average is $21.55 and its two-hundred day moving average is $24.96. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $4.97 billion, a P/E ratio of 24.47, a PEG ratio of 0.58 and a beta of 0.30.

Amentum (NYSE:AMTM) last announced 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 net margin of 1.44% and a return on equity of 12.19%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMTM. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. BNP Paribas Exane initiated coverage on shares of Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. BTIG Research reduced their target price on shares of Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Zacks Research lowered shares of Amentum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amentum currently has a consensus rating of “Hold” and a consensus price target of $29.18.

Amentum Profile

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.