Berger Financial Group Inc Cuts Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Berger Financial Group Inc trimmed its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,158 shares of the company’s stock after selling 4,762 shares during the period. Berger Financial Group Inc’s holdings in Amentum were worth $634,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Huntington National Bank purchased a new position in Amentum in the 4th quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in shares of Amentum in the third quarter valued at approximately $32,000. IFP Advisors Inc boosted its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of Amentum during the fourth quarter worth approximately $36,000. Finally, Horizon Investments LLC purchased a new stake in shares of Amentum during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were bought 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 directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. This trade represents 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 Analyst Weigh In

A number of research analysts have weighed in on AMTM shares. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. BTIG Research initiated coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a “buy” rating and a $30.00 price target on the stock. Truist Financial cut their price objective on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.71.

Amentum Stock Performance

Amentum stock opened at $21.88 on Monday. The firm has a 50 day simple moving average of $18.76 and a 200-day simple moving average of $22.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47.

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

Amentum 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.