SFE Investment Counsel Has $270,000 Stake in Amentum Holdings, Inc. (NYSE:AMTM)

SFE Investment Counsel reduced its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 65.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,830 shares of the company’s stock after selling 24,260 shares during the period. SFE Investment Counsel’s holdings in Amentum were worth $270,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. McKinley Carter Wealth Services Inc. bought a new position in Amentum in the third quarter valued at approximately $1,764,000. Heritage Family Offices LLP acquired a new stake in shares of Amentum in the 3rd quarter valued at approximately $308,000. ZWJ Investment Counsel Inc. bought a new position in shares of Amentum in the third quarter valued at $2,256,000. Compass Wealth Management LLC bought a new position in shares of Amentum in the third quarter valued at $804,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Amentum during the 3rd quarter worth about $414,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

NYSE:AMTM opened at $20.52 on Thursday. The business’s 50 day moving average price is $21.80. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping 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 year.

Wall Street Analysts Forecast Growth

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