Paragon Capital Management LLC Reduces Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Paragon Capital Management LLC cut its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 5.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 50,096 shares of the company’s stock after selling 2,660 shares during the quarter. Amentum comprises approximately 0.6% of Paragon Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Paragon Capital Management LLC’s holdings in Amentum were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in Amentum during the 3rd quarter valued at about $32,000. Glen Eagle Advisors LLC bought a new stake in Amentum during the 3rd quarter valued at about $35,000. IFP Advisors Inc lifted its holdings in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares in the last quarter. Asset Planning Inc bought a new stake in Amentum during the 4th quarter valued at about $36,000. Finally, Horizon Investments LLC bought a new stake in Amentum during the 4th quarter valued at about $36,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Amentum Stock Performance

NYSE:AMTM opened at $18.39 on Friday. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50-day simple moving average of $20.53.

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

Analysts Set New Price Targets

AMTM has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.20.

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.