86,692 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 86,692 shares of the company’s stock, valued at approximately $1,823,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in Amentum during the 3rd quarter worth $32,000. Glen Eagle Advisors LLC purchased a new stake in shares of Amentum during the third quarter worth about $35,000. IFP Advisors Inc increased its holdings in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Amentum during the fourth quarter valued at about $36,000. Finally, Horizon Investments LLC purchased a new position in shares of Amentum in the 4th quarter valued at approximately $36,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amentum

In other Amentum news, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at approximately $97,658. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the acquisition, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Amentum presently has an average rating of “Hold” and a consensus target price of $26.20.

Amentum Price Performance

Shares of Amentum stock opened at $18.38 on Friday. The business’s fifty day simple moving average is $20.07. Amentum Holdings, Inc. has a 1 year low of $16.95 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.