Norges Bank Acquires New Stake in Amentum Holdings, Inc. $AMTM

Norges Bank acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,294,097 shares of the company’s stock, valued at approximately $66,529,000. Norges Bank owned 0.94% of Amentum at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Sound Income Strategies LLC increased its stake in shares of Amentum by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after acquiring an additional 425 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Amentum by 35.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after acquiring an additional 481 shares during the period. BCS Private Wealth Management Inc. increased its stake in shares of Amentum by 5.0% during the fourth quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after acquiring an additional 575 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Amentum by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after acquiring an additional 600 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Amentum by 4.6% during the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock valued at $425,000 after acquiring an additional 638 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Trading Down 2.1%

Amentum stock opened at $22.80 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 0.67 and a beta of 0.27. Amentum Holdings, Inc. has a 1 year low of $21.11 and a 1 year high of $38.11. The firm’s 50 day moving average price is $25.17 and its two-hundred day moving average price is $28.65.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion for 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 firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts predict that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on AMTM shares. Citizens Jmp reiterated a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research note on Monday, April 13th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada decreased their price target on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Truist Financial restated a “buy” rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.