Smithfield Trust Co Purchases Shares of 7,476 Amentum Holdings, Inc. (NYSE:AMTM)

Smithfield Trust Co purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,476 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Amentum by 66.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company’s stock worth $26,587,000 after acquiring an additional 503,741 shares during the period. Jones Financial Companies Lllp bought a new position in Amentum in the 4th quarter worth $778,000. US Bancorp DE raised its stake in Amentum by 2,872.6% during the 4th quarter. US Bancorp DE now owns 27,942 shares of the company’s stock valued at $588,000 after purchasing an additional 27,002 shares during the period. Mutual of America Capital Management LLC bought a new position in shares of Amentum during the fourth quarter worth $395,000. Finally, Hahn Capital Management LLC boosted its position in shares of Amentum by 47.9% during the 4th quarter. Hahn Capital Management LLC now owns 77,322 shares of the company’s stock valued at $1,626,000 after acquiring an additional 25,036 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th.

Amentum Trading Up 3.3 %

NYSE AMTM opened at $19.34 on Thursday. The company’s 50-day moving average is $21.22. Amentum Holdings, Inc. has a fifty-two week low of $17.82 and a fifty-two week high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Amentum Company Profile

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.