Horizon Investments LLC Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Horizon Investments LLC bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,712 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in shares of Amentum during the third quarter valued at $32,000. Glen Eagle Advisors LLC bought a new stake in shares of Amentum in the third quarter valued at about $35,000. Studio Investment Management LLC bought a new stake in shares of Amentum in the third quarter valued at about $42,000. Wiser Advisor Group LLC bought a new stake in shares of Amentum in the third quarter valued at about $49,000. Finally, IFP Advisors Inc raised its holdings in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMTM has been the subject of several recent research reports. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. The Goldman Sachs Group initiated coverage on Amentum in a report on Thursday. They issued a “neutral” rating and a $21.00 price objective for the company. 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, February 6th. Finally, Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Amentum presently has a consensus rating of “Hold” and a consensus price target of $26.20.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now directly owns 4,600 shares of the company’s stock, valued at approximately $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Amentum Trading Down 3.4 %

Shares of Amentum stock opened at $18.39 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $20.53. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47.

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

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.