Moore Capital Management LP Sells 508,514 Shares of Amentum Holdings, Inc. $AMTM

Moore Capital Management LP reduced its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 58.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,096 shares of the company’s stock after selling 508,514 shares during the quarter. Moore Capital Management LP owned approximately 0.15% of Amentum worth $7,547,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Amentum in the 2nd quarter worth about $370,137,000. Primecap Management Co. CA purchased a new position in shares of Amentum during the second quarter valued at about $253,941,000. Focus Partners Wealth raised its stake in Amentum by 8,467.6% in the fourth quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after buying an additional 2,761,801 shares in the last quarter. Invesco Ltd. raised its stake in Amentum by 13.0% in 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. Finally, Norges Bank purchased a new stake in Amentum in the fourth quarter worth about $66,529,000. 39.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America cut their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. The Goldman Sachs Group set a $24.00 target price on Amentum in a research report on Thursday, August 20th. Weiss Ratings cut Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Truist Financial restated a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Finally, BTIG Research decreased their price objective on Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.18.

Amentum Price Performance

Shares of AMTM opened at $20.33 on Monday. Amentum Holdings, Inc. has a fifty-two week low of $19.80 and a fifty-two week high of $38.11. The firm’s 50-day simple moving average is $21.49 and its two-hundred day simple moving average is $24.61. The stock has a market cap of $4.97 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.30. 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 (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Analysts anticipate that Amentum Holdings, Inc. will post 2.38 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.