Two Point Capital Management Inc. Purchases New Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Two Point Capital Management Inc. purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,129 shares of the company’s stock, valued at approximately $1,853,000. Amentum comprises 0.7% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMTM. Arrow Financial Corp bought a new position in Amentum during the 3rd quarter worth approximately $26,000. US Bancorp DE bought a new position in Amentum during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC bought a new position in Amentum during the 3rd quarter worth approximately $32,000. Signaturefd LLC bought a new position in Amentum during the 3rd quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 1.0 %

Shares of Amentum stock opened at $20.52 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59. The business’s 50 day moving average is $21.80. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald assumed coverage on Amentum in a report on Friday, February 7th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, Raymond James started coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

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.