Telos Capital Management Inc. Sells 30,859 Shares of Amentum Holdings, Inc. $AMTM

Telos Capital Management Inc. decreased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,859 shares of the company’s stock after selling 30,859 shares during the quarter. Telos Capital Management Inc. owned 0.08% of Amentum worth $4,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd bought a new position in shares of Amentum in the first quarter valued at approximately $411,000. Signaturefd LLC grew its holdings in Amentum by 27.0% during the second quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $53,000 after buying an additional 477 shares in the last quarter. Truist Financial Corp raised its position in Amentum by 3.7% in the 2nd quarter. Truist Financial Corp now owns 22,516 shares of the company’s stock valued at $532,000 after buying an additional 794 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new position in Amentum during the 2nd quarter valued at $202,000. Finally, Country Club Bank boosted its holdings in Amentum by 83.8% during the 2nd quarter. Country Club Bank now owns 172,318 shares of the company’s stock worth $4,041,000 after acquiring an additional 78,566 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMTM shares. Cantor Fitzgerald increased their target price on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. BTIG Research increased their price objective on shares of Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Citizens Jmp upped their target price on Amentum from $35.00 to $40.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Finally, Bank of America lifted their price target on Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, December 31st. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Amentum Stock Up 1.0%

Amentum stock opened at $36.25 on Wednesday. The firm has a 50 day moving average price of $31.56 and a 200-day moving average price of $26.63. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $37.94. The company has a market capitalization of $8.83 billion, a P/E ratio of 134.26, a P/E/G ratio of 1.05 and a beta of 0.01.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.