New York State Teachers Retirement System Raises Position in Amentum Holdings, Inc. $AMTM

New York State Teachers Retirement System grew its position in Amentum Holdings, Inc. (NYSE:AMTM) by 17.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 166,057 shares of the company’s stock after purchasing an additional 25,139 shares during the quarter. New York State Teachers Retirement System’s holdings in Amentum were worth $4,816,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMTM. IFM Investors Pty Ltd bought a new stake in shares of Amentum in the first quarter worth approximately $411,000. Cetera Investment Advisers bought a new stake in shares of Amentum in the second quarter worth approximately $335,000. JPMorgan Chase & Co. grew its stake in shares of Amentum by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after acquiring an additional 3,608 shares during the period. M&T Bank Corp bought a new stake in shares of Amentum in the second quarter worth approximately $241,000. Finally, Gabelli Funds LLC bought a new stake in shares of Amentum in the second quarter worth approximately $592,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

Shares of NYSE:AMTM opened at $24.92 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a fifty day moving average price of $27.54 and a 200 day moving average price of $28.54. Amentum Holdings, Inc. has a fifty-two week low of $19.11 and a fifty-two week high of $38.11. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 62.31, a P/E/G ratio of 0.71 and a beta of 0.43.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, February 9th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.32 billion. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts expect that Amentum Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMTM. UBS Group lifted their price target on shares of Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Citigroup reiterated an “outperform” rating on shares of Amentum in a research note on Monday, January 12th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Citizens Jmp reiterated a “market outperform” rating and issued a $40.00 price target on shares of Amentum in a research note on Monday, April 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $35.00 price target on shares of Amentum in a research note on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.91.

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.