Telos Capital Management Inc. Purchases 178,744 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Telos Capital Management Inc. raised its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 202.4% in the fourth quarter, Holdings Channel reports. The firm owned 267,036 shares of the company’s stock after acquiring an additional 178,744 shares during the quarter. Telos Capital Management Inc.’s holdings in Amentum were worth $5,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrow Financial Corp bought a new stake in Amentum during the 3rd quarter valued at about $26,000. US Bancorp DE bought a new stake in Amentum during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in Amentum during the 3rd quarter valued at about $32,000. Signaturefd LLC bought a new stake in Amentum during the 3rd quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in Amentum during the 3rd quarter valued at about $35,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Up 0.5 %

Shares of NYSE AMTM opened at $22.80 on Friday. The company’s 50-day moving average is $22.04. The company has a current ratio of 1.57, a quick ratio of 1.57 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.

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 analysts’ consensus estimates of $0.45 by $0.06. As a group, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

AMTM has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock. Finally, Truist Financial began coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the 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.