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

Amentum Holdings, Inc. (NYSE:AMTM) Director Barbara Loughran acquired 4,600 shares of the stock in a transaction dated 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 transaction, the director now owns 4,600 shares in the company, valued at approximately $97,658. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amentum Stock Down 3.3 %

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

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of large investors have recently bought and sold shares of the stock. Arrow Financial Corp purchased a new stake in shares of Amentum during the third quarter valued at approximately $26,000. US Bancorp DE bought a new stake in Amentum during the 3rd quarter valued at $30,000. Anchor Investment Management LLC purchased a new stake in Amentum during the 3rd quarter valued at $32,000. Signaturefd LLC bought a new stake in Amentum in the 3rd quarter worth $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the third quarter valued at about $35,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on AMTM shares. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. Cantor Fitzgerald began coverage on Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th.

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.