Crestwood Advisors Group LLC Grows Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Crestwood Advisors Group LLC boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,522 shares of the company’s stock after buying an additional 13,451 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Amentum were worth $1,967,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arrow Financial Corp acquired a new position in shares of Amentum during the third quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in shares of Amentum during the third quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the 3rd quarter valued at $32,000. Signaturefd LLC purchased a new position in Amentum in the 3rd quarter valued at $33,000. Finally, Glen Eagle Advisors LLC acquired a new stake in Amentum during the 3rd quarter worth $35,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMTM has been the subject of a number of recent research reports. Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company. Cantor Fitzgerald started coverage on shares of Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th.

Amentum Trading Down 1.1 %

NYSE AMTM opened at $19.79 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50. The business’s fifty day moving average is $21.30.

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

Insider Activity

In related news, Director Barbara Loughran purchased 4,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

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.