Insider Buying: Amentum Holdings, Inc. (NYSE:AMTM) Director Purchases $97,658.00 in Stock

Amentum Holdings, Inc. (NYSE:AMTM) Director Barbara Loughran acquired 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at approximately $97,658. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amentum Price Performance

Shares of NYSE:AMTM opened at $20.06 on Friday. The stock has a 50-day simple moving average of $21.38. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Cantor Fitzgerald assumed coverage on Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price target on the stock.

Hedge Funds Weigh In On Amentum

Large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Amentum in the 3rd quarter worth about $790,000. Wharton Business Group LLC purchased a new position in shares of Amentum in the 3rd quarter worth about $2,106,000. JPMorgan Chase & Co. purchased a new position in shares of Amentum in the 3rd quarter worth about $8,739,000. Peak Asset Management LLC purchased a new position in shares of Amentum in the 3rd quarter worth about $774,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Amentum during the 4th quarter valued at about $409,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

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.