Amentum Holdings, Inc. (NYSE:AMTM) Director Barbara Loughran Purchases 4,600 Shares of Stock

Amentum Holdings, Inc. (NYSE:AMTM) Director Barbara Loughran acquired 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Amentum Price Performance

Shares of AMTM stock opened at $20.74 on Friday. The stock’s fifty day moving average is $21.44. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of recent analyst reports. Raymond James initiated coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald assumed coverage on shares of Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price target for the company.

Hedge Funds Weigh In On Amentum

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum during the 3rd quarter worth about $790,000. Wharton Business Group LLC bought a new stake in shares of Amentum in the 3rd quarter valued at $2,106,000. JPMorgan Chase & Co. acquired a new stake in Amentum during the third quarter worth approximately $8,739,000. Peak Asset Management LLC bought a new position in Amentum during the third quarter worth $774,000. Finally, Foundations Investment Advisors LLC bought a new stake in Amentum in the 4th quarter valued at about $409,000. Institutional investors own 39.93% of the company’s stock.

About Amentum

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.