Clear Harbor Asset Management LLC Invests $657,000 in Amentum Holdings, Inc. $AMTM

Clear Harbor Asset Management LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,780 shares of the company’s stock, valued at approximately $657,000.

A number of other hedge funds have also recently added to or reduced their stakes in AMTM. IFM Investors Pty Ltd purchased a new stake in Amentum in the 1st quarter valued at approximately $411,000. Cetera Investment Advisers purchased a new position in shares of Amentum during the 2nd quarter worth approximately $335,000. JPMorgan Chase & Co. lifted its holdings in shares of Amentum by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock valued at $2,156,000 after buying an additional 3,608 shares during the period. M&T Bank Corp acquired a new stake in shares of Amentum in the 2nd quarter valued at approximately $241,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Amentum in the second quarter valued at approximately $592,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Price Performance

Shares of NYSE:AMTM opened at $21.50 on Monday. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 0.62 and a beta of 0.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. The business’s 50 day simple moving average is $21.64 and its 200-day simple moving average is $25.18. Amentum Holdings, Inc. has a 12 month low of $19.80 and a 12 month high of $38.11.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.Amentum’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, equities analysts forecast that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMTM has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. The Goldman Sachs Group set a $24.00 target price on Amentum in a report on Thursday. Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Morgan Stanley set a $24.00 price target on shares of Amentum in a research note on Tuesday, August 11th. Finally, BTIG Research cut their price target on shares of Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.18.

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.