Telos Capital Management Inc. Increases Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Telos Capital Management Inc. raised its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 202.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,036 shares of the company’s stock after buying an additional 178,744 shares during the period. Telos Capital Management Inc. owned about 0.11% of Amentum worth $5,616,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arrow Financial Corp purchased a new stake in Amentum during the 3rd quarter valued at $26,000. US Bancorp DE purchased a new stake in Amentum during the 3rd quarter valued at $30,000. Anchor Investment Management LLC purchased a new stake in Amentum during the 3rd quarter valued at $32,000. Signaturefd LLC bought a new position in Amentum in the 3rd quarter worth $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Up 0.5 %

Shares of Amentum stock opened at $22.80 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a 50-day simple moving average of $22.04. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMTM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday. Truist Financial started coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company.

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.