Armstrong Henry H Associates Inc. Invests $359,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Armstrong Henry H Associates Inc. acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,081 shares of the company’s stock, valued at approximately $359,000.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Amentum during the 3rd quarter valued at about $790,000. Wharton Business Group LLC acquired a new stake in shares of Amentum during the third quarter worth about $2,106,000. Peak Asset Management LLC purchased a new stake in Amentum in the third quarter valued at approximately $774,000. Tower Bridge Advisors acquired a new position in Amentum in the 3rd quarter worth approximately $4,053,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Amentum during the 3rd quarter worth approximately $1,062,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMTM shares. Royal Bank of Canada assumed coverage on shares of Amentum in a report on Friday. They issued a “sector perform” rating and a $24.00 price objective on the stock. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Truist Financial began coverage on Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective for the company.

Amentum Stock Performance

Shares of NYSE AMTM opened at $22.86 on Tuesday. The stock’s 50 day moving average price is $23.97. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50.

Amentum 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.