Clear Harbor Asset Management LLC Purchases Shares of 31,780 Amentum Holdings, Inc. $AMTM

Clear Harbor Asset Management LLC purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,780 shares of the company’s stock, valued at approximately $657,000.

A number of other hedge funds have also modified their holdings of AMTM. BlackRock Inc. purchased a new stake in Amentum in the 2nd quarter valued at approximately $370,137,000. Focus Partners Wealth grew its holdings in Amentum by 8,467.6% during the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after buying an additional 2,761,801 shares during the last quarter. Invesco Ltd. increased its position in Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after buying an additional 2,539,594 shares in the last quarter. Norges Bank purchased a new position in Amentum during the fourth quarter worth $66,529,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Amentum by 106.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after acquiring an additional 1,954,494 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent research reports. BNP Paribas Exane began coverage on Amentum in a research report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective on the stock. Morgan Stanley set a $24.00 target price on shares of Amentum in a report on Tuesday, August 11th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. The Goldman Sachs Group set a $24.00 price target on shares of Amentum in a report on Thursday. Finally, Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.18.

Amentum Price Performance

Shares of NYSE:AMTM opened at $21.50 on Monday. The company has a market cap of $5.26 billion, a P/E ratio of 25.90, a P/E/G ratio of 0.62 and a beta of 0.30. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum Holdings, Inc. has a 52 week low of $19.80 and a 52 week high of $38.11. The business has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $25.18.

Amentum (NYSE:AMTM) last released its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts forecast that Amentum Holdings, Inc. will post 2.38 EPS for the current year.

Amentum Company 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.