Van ECK Associates Corp Raises Stock Holdings in Amentum Holdings, Inc. $AMTM

Van ECK Associates Corp lifted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 263.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,988,898 shares of the company’s stock after acquiring an additional 1,441,254 shares during the period. Van ECK Associates Corp’s holdings in Amentum were worth $41,111,000 at the end of the most recent reporting period.

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

Amentum Stock Performance

Shares of AMTM stock opened at $20.33 on Friday. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.30. The stock has a 50 day simple moving average of $21.49 and a 200-day simple moving average of $24.69. Amentum Holdings, Inc. has a 12-month low of $19.80 and a 12-month high of $38.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMTM. Weiss Ratings lowered Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Bank of America lowered their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Zacks Research cut shares of Amentum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group set a $24.00 target price on shares of Amentum in a research note on Thursday, August 20th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.18.

About Amentum

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.