2,294,097 Shares in Amentum Holdings, Inc. $AMTM Acquired by Norges Bank

Norges Bank acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,294,097 shares of the company’s stock, valued at approximately $66,529,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Amentum by 13.0% in the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after purchasing an additional 2,539,594 shares during the period. Legacy Advisors LLC acquired a new position in Amentum in the 4th quarter worth approximately $284,614,000. State Street Corp boosted its stake in Amentum by 7.6% in the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company’s stock worth $167,117,000 after purchasing an additional 501,898 shares during the period. Ruane Cunniff & Goldfarb L.P. boosted its stake in Amentum by 2.0% in the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 2,441,743 shares of the company’s stock worth $57,650,000 after purchasing an additional 48,704 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Amentum by 50.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,081,611 shares of the company’s stock worth $49,855,000 after purchasing an additional 701,859 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Trading Down 2.1%

Shares of NYSE:AMTM opened at $22.80 on Friday. The firm has a fifty day moving average of $25.17 and a two-hundred day moving average of $28.65. The firm has a market capitalization of $5.57 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 0.27. Amentum Holdings, Inc. has a 12-month low of $21.11 and a 12-month high of $38.11. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMTM shares. Morgan Stanley started coverage on shares of Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price objective for the company. Weiss Ratings raised shares of Amentum from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Truist Financial reissued a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Amentum currently has an average rating of “Hold” and a consensus target price of $32.00.

Amentum Company 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.