Amentum Holdings, Inc. $AMTM Shares Bought by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 177.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 51,487 shares of the company’s stock after purchasing an additional 32,901 shares during the period. Amentum comprises approximately 0.8% of Hyperion Capital Advisors LP’s portfolio, making the stock its 20th largest position. Hyperion Capital Advisors LP’s holdings in Amentum were worth $1,216,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. lifted its holdings in Amentum by 1.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company’s stock worth $578,000 after buying an additional 416 shares in the last quarter. Intact Investment Management Inc. increased its position in shares of Amentum by 6.1% during the second quarter. Intact Investment Management Inc. now owns 7,319 shares of the company’s stock worth $173,000 after acquiring an additional 419 shares during the period. UMB Bank n.a. raised its stake in shares of Amentum by 11.6% in the second quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock valued at $97,000 after acquiring an additional 430 shares in the last quarter. MAI Capital Management raised its stake in shares of Amentum by 12.3% in the second quarter. MAI Capital Management now owns 4,259 shares of the company’s stock valued at $101,000 after acquiring an additional 468 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Amentum by 27.0% in the second quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock valued at $53,000 after purchasing an additional 477 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of Amentum in a research report on Wednesday, November 26th. Raymond James Financial restated an “outperform” rating and set a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Citizens Jmp boosted their price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, UBS Group initiated coverage on Amentum in a report on Wednesday, November 19th. They issued a “neutral” rating and a $25.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Amentum currently has an average rating of “Moderate Buy” and an average price target of $32.17.

Amentum Trading Down 1.6%

Shares of Amentum stock opened at $29.64 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $24.75 and a 200-day simple moving average of $24.12. The stock has a market cap of $7.22 billion and a price-to-earnings ratio of 109.76. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $31.87.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.61 billion. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.