Amentum Holdings, Inc. $AMTM Shares Purchased by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC boosted its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 105.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,845 shares of the company’s stock after purchasing an additional 30,655 shares during the quarter. Kerrisdale Advisers LLC’s holdings in Amentum were worth $1,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMTM. IFM Investors Pty Ltd bought a new stake in shares of Amentum in the first quarter worth $411,000. Cetera Investment Advisers bought a new stake in shares of Amentum in the 2nd quarter worth about $335,000. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 3,608 shares in the last quarter. M&T Bank Corp acquired a new position in Amentum in the second quarter worth about $241,000. Finally, Gabelli Funds LLC bought a new stake in Amentum in the second quarter valued at about $592,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Stock Up 0.1%

AMTM stock opened at $20.33 on Monday. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11. The company has a market capitalization 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 firm’s 50-day moving average is $21.49 and its two-hundred day moving average is $24.61. 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 data on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. 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 posted $0.56 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, analysts forecast that Amentum Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMTM shares. JPMorgan Chase & Co. decreased their target price on Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Morgan Stanley set a $24.00 target price on shares of Amentum in a report on Tuesday, August 11th. BTIG Research reduced their target price on shares of Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Bank of America decreased their target price on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, BNP Paribas Exane began coverage on Amentum in a report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price target on the stock. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 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.