Counterpoint Mutual Funds LLC Invests $525,000 in Amentum Holdings, Inc. $AMTM

Counterpoint Mutual Funds LLC bought a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, HoldingsChannel reports. The fund bought 21,913 shares of the company’s stock, valued at approximately $525,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in shares of Amentum by 7.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,805,411 shares of the company’s stock worth $43,240,000 after acquiring an additional 118,306 shares during the last quarter. Lingohr Asset Management GmbH boosted its stake in Amentum by 1,650.0% during the 3rd quarter. Lingohr Asset Management GmbH now owns 175,000 shares of the company’s stock worth $4,191,000 after purchasing an additional 165,000 shares during the period. Geode Capital Management LLC grew its position in Amentum by 9.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after purchasing an additional 213,164 shares during the last quarter. Voya Investment Management LLC increased its stake in Amentum by 66.5% in the third quarter. Voya Investment Management LLC now owns 1,084,969 shares of the company’s stock valued at $25,985,000 after purchasing an additional 433,397 shares during the period. Finally, Invesco Ltd. increased its stake in Amentum by 13.9% in the second quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock valued at $462,219,000 after purchasing an additional 2,386,131 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 4.6%

Shares of AMTM stock opened at $29.55 on Tuesday. The business’s fifty day moving average price is $32.51 and its 200 day moving average price is $27.36. The firm has a market capitalization of $7.21 billion, a PE ratio of 73.87, a P/E/G ratio of 0.91 and a beta of -0.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.42. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $38.11.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, February 9th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.32 billion. The firm’s revenue was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald increased their target price on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Bank of America increased their price objective on Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 31st. BTIG Research reiterated a “buy” rating and issued a $35.00 target price on shares of Amentum in a research note on Wednesday, February 11th. Citizens Jmp upped their price target on Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Amentum in a report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.91.

Amentum Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.