Carlson Capital L.P. Purchases Shares of 24,000 Amentum Holdings, Inc. $AMTM

Carlson Capital L.P. acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, HoldingsChannel.com reports. The firm acquired 24,000 shares of the company’s stock, valued at approximately $575,000.

Several other large investors also recently modified their holdings of AMTM. Thrivent Financial for Lutherans raised its stake in Amentum by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,805,411 shares of the company’s stock worth $43,240,000 after purchasing an additional 118,306 shares in the last quarter. Lingohr Asset Management GmbH increased its holdings in shares of Amentum by 1,650.0% during the third quarter. Lingohr Asset Management GmbH now owns 175,000 shares of the company’s stock worth $4,191,000 after purchasing an additional 165,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Amentum by 9.3% during the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after purchasing an additional 213,164 shares during the period. Bank of New York Mellon Corp raised its position in shares of Amentum by 14.2% in the second quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock valued at $20,498,000 after buying an additional 107,697 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Amentum by 66.5% in the third quarter. Voya Investment Management LLC now owns 1,084,969 shares of the company’s stock valued at $25,985,000 after buying an additional 433,397 shares during the period. 39.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup restated an “outperform” rating on shares of Amentum in a research note on Monday, January 12th. Wall Street Zen raised Amentum from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. JMP Securities set a $35.00 price target on Amentum in a research report on Wednesday, November 26th. Citizens Jmp upped their price objective on shares of Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Finally, Morgan Stanley upgraded shares of Amentum from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $20.00 to $35.00 in a research note on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Amentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Amentum Price Performance

Amentum stock opened at $37.58 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $38.11. The stock has a market capitalization of $9.16 billion, a P/E ratio of 139.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.01. The stock has a fifty day moving average of $32.02 and a 200-day moving average of $26.85.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Amentum Profile

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.