Amentum Holdings, Inc. $AMTM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 48.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,878 shares of the company’s stock after selling 24,811 shares during the quarter. State of Alaska Department of Revenue’s holdings in Amentum were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AMTM. BlackRock Inc. bought a new position in shares of Amentum during the second quarter worth $370,137,000. Bank of America Corp DE grew its stake in Amentum by 107.8% during the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock valued at $62,723,000 after acquiring an additional 1,247,614 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Amentum during the second quarter valued at $18,150,000. Bryn Mawr Trust Advisors LLC bought a new stake in Amentum in the 2nd quarter valued at $2,924,000. Finally, Troluce Capital Advisors LLC bought a new stake in Amentum in the 1st quarter valued at $26,080,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Up 2.0%

AMTM stock opened at $21.73 on Friday. The firm has a fifty day moving average price of $19.69 and a 200 day moving average price of $22.02. Amentum Holdings, Inc. has a fifty-two week low of $17.72 and a fifty-two week high of $38.11. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $5.31 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 0.59 and a beta of 0.31.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. Amentum’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on AMTM. Zacks Research cut shares of Amentum from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. The Goldman Sachs Group set a $24.00 price objective on Amentum in a research report on Thursday, August 20th. Bank of America reduced their target price on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Weiss Ratings cut Amentum from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Finally, UBS Group boosted their target price on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.00.

Amentum Profile

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.