Asset Planning Inc Purchases New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Asset Planning Inc purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,690 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also recently modified their holdings of AMTM. State Street Corp purchased a new stake in shares of Amentum in the third quarter valued at approximately $236,306,000. Primecap Management Co. CA purchased a new stake in shares of Amentum in the third quarter valued at approximately $169,999,000. Geode Capital Management LLC purchased a new stake in shares of Amentum in the third quarter valued at approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in shares of Amentum in the third quarter valued at approximately $81,608,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Amentum in the third quarter valued at approximately $78,399,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMTM. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald began coverage on Amentum in a report on Friday, February 7th. They set a “neutral” rating and a $25.00 price objective for the company.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.67% of the company’s stock.

Amentum Price Performance

NYSE AMTM opened at $19.82 on Friday. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. The business has a fifty day moving average of $21.67. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.