Amentum Holdings, Inc. (NYSE:AMTM) Shares Purchased by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 177.0% during the 4th quarter, Holdings Channel reports. The fund owned 43,155 shares of the company’s stock after purchasing an additional 27,575 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Amentum were worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AMTM. State Street Corp bought a new stake in shares of Amentum during the third quarter valued at about $236,306,000. Primecap Management Co. CA acquired a new position in Amentum during the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC bought a new stake in shares of Amentum during the 3rd quarter worth about $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in shares of Amentum in the 3rd quarter worth approximately $81,608,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Amentum in the third quarter valued at approximately $78,399,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Amentum Price Performance

AMTM stock traded up $0.67 on Friday, hitting $22.16. 791,738 shares of the company’s stock traded hands, compared to its average volume of 2,335,500. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. The stock’s fifty day moving average is $24.14.

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.