Thrivent Financial for Lutherans Boosts Stock Position in Amentum Holdings, Inc. $AMTM

Thrivent Financial for Lutherans raised its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 4.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,687,105 shares of the company’s stock after buying an additional 65,781 shares during the period. Thrivent Financial for Lutherans’ holdings in Amentum were worth $39,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMTM. Atlantic Union Bankshares Corp purchased a new stake in shares of Amentum during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Amentum by 1,517.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock valued at $36,000 after buying an additional 1,426 shares in the last quarter. Quarry LP purchased a new stake in Amentum in the 1st quarter valued at about $30,000. Smartleaf Asset Management LLC grew its stake in Amentum by 433.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of Amentum during the second quarter worth approximately $46,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Trading Down 1.3%

Shares of NYSE:AMTM opened at $29.34 on Tuesday. The company has a market capitalization of $7.15 billion, a PE ratio of 108.67, a P/E/G ratio of 0.99 and a beta of -0.02. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $31.87. The business’s fifty day simple moving average is $24.81 and its 200-day simple moving average is $24.23.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMTM has been the subject of a number of research reports. BTIG Research boosted their price target on Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Citigroup reiterated an “outperform” rating on shares of Amentum in a report on Wednesday, November 26th. Morgan Stanley raised Amentum from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $20.00 to $35.00 in a research report on Wednesday, November 26th. Raymond James Financial restated an “outperform” rating and issued a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amentum presently has an average rating of “Moderate Buy” and an average price target of $32.17.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.