Amentum Holdings, Inc. (NYSE:AMTM) Insider Steven J. Demetriou Purchases 100,000 Shares of Stock

Amentum Holdings, Inc. (NYSE:AMTM) insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Amentum Price Performance

NYSE AMTM opened at $19.82 on Friday. The company has a 50 day simple moving average of $21.67. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Amentum

Hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Amentum during the third quarter valued at approximately $790,000. Wharton Business Group LLC purchased a new position in Amentum during the third quarter valued at approximately $2,106,000. JPMorgan Chase & Co. purchased a new position in Amentum during the third quarter valued at approximately $8,739,000. Peak Asset Management LLC purchased a new position in Amentum during the third quarter valued at approximately $774,000. Finally, Foundations Investment Advisors LLC purchased a new position in Amentum during the fourth quarter valued at approximately $409,000. Institutional investors own 39.93% of the company’s stock.

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.