Smithfield Trust Co Buys Shares of 7,476 Amentum Holdings, Inc. (NYSE:AMTM)

Smithfield Trust Co acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,476 shares of the company’s stock, valued at approximately $155,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMTM. Wilmington Savings Fund Society FSB acquired a new stake in shares of Amentum in the 3rd quarter valued at about $790,000. Wharton Business Group LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at about $2,106,000. JPMorgan Chase & Co. acquired a new position in shares of Amentum in the 3rd quarter valued at $8,739,000. Peak Asset Management LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $774,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Amentum in the 4th quarter valued at $409,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Performance

AMTM stock opened at $19.34 on Thursday. Amentum Holdings, Inc. has a one year low of $17.82 and a one year high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average price of $21.22.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMTM. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald raised Amentum to a “hold” rating in a report on Tuesday, February 25th.

Insider Buying and Selling at Amentum

In related news, insider Steven J. Demetriou acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now 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 disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

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.