Permian Investment Partners LP Buys Shares of 1,433,028 Amentum Holdings, Inc. $AMTM

Permian Investment Partners LP bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,433,028 shares of the company’s stock, valued at approximately $29,620,689,000. Amentum comprises approximately 3.2% of Permian Investment Partners LP’s investment portfolio, making the stock its 9th biggest position. Permian Investment Partners LP owned approximately 0.59% of Amentum at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. purchased a new position in Amentum during the second quarter worth about $370,137,000. Bank of America Corp DE raised its position in shares of Amentum by 107.8% during the 1st quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock valued at $62,723,000 after buying an additional 1,247,614 shares during the period. Troluce Capital Advisors LLC acquired a new position in Amentum in the first quarter valued at approximately $26,080,000. Bryn Mawr Trust Advisors LLC acquired a new position in Amentum in the second quarter valued at approximately $2,924,000. Finally, Hudson Value Partners LLC grew its position in Amentum by 22.7% in the second quarter. Hudson Value Partners LLC now owns 250,185 shares of the company’s stock worth $5,171,000 after acquiring an additional 46,275 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. 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 for the company. Finally, BTIG Research cut their target price on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Amentum presently has a consensus rating of “Hold” and a consensus target price of $29.18.

Amentum Stock Performance

NYSE:AMTM opened at $20.56 on Thursday. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11. The company has a fifty day simple moving average of $21.54 and a two-hundred day simple moving average of $24.84. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 0.59 and a beta of 0.30.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) 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 analysts’ expectations of $3.57 billion. During the same period last year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

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.