Barbara Loughran Purchases 4,600 Shares of Amentum Holdings, Inc. (NYSE:AMTM) Stock

Amentum Holdings, Inc. (NYSE:AMTM) Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amentum Stock Performance

AMTM stock opened at $20.06 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. The business’s 50 day simple moving average is $21.38.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its position in shares of Amentum by 9.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company’s stock worth $164,000 after acquiring an additional 675 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock worth $84,000 after acquiring an additional 730 shares in the last quarter. Arrow Financial Corp acquired a new position in shares of Amentum in the 3rd quarter worth approximately $26,000. IFP Advisors Inc grew its position in shares of Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after acquiring an additional 833 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company’s stock worth $58,000 after acquiring an additional 833 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

About Amentum

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.