Oppenheimer Asset Management Inc. Acquires Shares of 24,597 Amentum Holdings, Inc. $AMTM

Oppenheimer Asset Management Inc. bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,597 shares of the company’s stock, valued at approximately $508,000.

Several other hedge funds also recently made changes to their positions in the business. Invesco Ltd. grew 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. Primecap Management Co. CA increased its stake in Amentum by 1.7% during the 4th quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock worth $351,681,000 after acquiring an additional 208,341 shares during the period. Legacy Advisors LLC acquired a new position in Amentum in the 4th quarter valued at $284,614,000. State Street Corp raised its holdings in Amentum by 7.6% in the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after acquiring an additional 501,898 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Amentum by 106.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after acquiring an additional 1,954,494 shares during the period. 39.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMTM has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. BNP Paribas Exane assumed coverage on shares of Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday. Zacks Research raised shares of Amentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.70.

Amentum Price Performance

Amentum stock opened at $20.33 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11. The stock has a market capitalization of $4.97 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 0.63 and a beta of 0.30. The stock has a fifty day moving average of $21.74 and a 200-day moving average of $25.61.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm posted $0.56 earnings per share. Amentum’s revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts expect that Amentum Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

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.