Illinois Municipal Retirement Fund Buys Shares of 83,407 Amentum Holdings, Inc. $AMTM

Illinois Municipal Retirement Fund purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the first quarter, Holdings Channel reports. The institutional investor purchased 83,407 shares of the company’s stock, valued at approximately $2,175,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in Amentum in the fourth quarter valued at approximately $26,000. NFSG Corp acquired a new position in shares of Amentum in the 1st quarter valued at $35,000. Financial Consulate Inc. bought a new stake in shares of Amentum in the 4th quarter valued at $38,000. Sound Income Strategies LLC increased its position in shares of Amentum by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 425 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Amentum by 98.6% during the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after buying an additional 648 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Up 2.3%

Amentum stock opened at $21.16 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83. Amentum Holdings, Inc. has a 1-year low of $19.80 and a 1-year high of $38.11. The company has a fifty day simple moving average of $22.00 and a 200 day simple moving average of $27.12. The company has a market cap of $5.17 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.35.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.60 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 analysts’ expectations 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 period in the previous year, the firm posted $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts anticipate that Amentum Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMTM shares. Truist Financial reiterated a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. BNP Paribas Exane started coverage on shares of Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price target on the stock. Morgan Stanley initiated coverage on shares of Amentum in a report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target for the company. Citizens Jmp reissued a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research report on Monday, April 13th. Finally, Royal Bank Of Canada lowered their price objective on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.00.

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.