Red Spruce Capital LLC Makes New $254,000 Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Red Spruce Capital LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,083 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds have also recently made changes to their positions in the business. Arrow Financial Corp purchased a new position in Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE purchased a new stake in Amentum in the 3rd quarter worth $30,000. Anchor Investment Management LLC bought a new position in shares of Amentum during the 3rd quarter valued at about $32,000. Signaturefd LLC purchased a new position in shares of Amentum during the third quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in shares of Amentum in the third quarter worth about $35,000. Institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMTM. Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company. Raymond James assumed coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. Finally, Royal Bank of Canada began coverage on shares of Amentum in a research report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 price target on the stock.

Amentum Price Performance

Amentum stock opened at $23.58 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50-day moving average price of $22.98. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, December 16th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. On average, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Amentum 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.