Nomura Asset Management Co. Ltd. Buys New Position in Amentum Holdings, Inc. (NYSE:AMTM)

Nomura Asset Management Co. Ltd. purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,386 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors have also added to or reduced their stakes in AMTM. Arrow Financial Corp purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $26,000. US Bancorp DE acquired a new position in Amentum during the 3rd quarter valued at approximately $30,000. Signaturefd LLC purchased a new position in shares of Amentum in the third quarter worth $33,000. Glen Eagle Advisors LLC acquired a new stake in shares of Amentum during the third quarter worth $35,000. Finally, HM Payson & Co. purchased a new stake in shares of Amentum during the third quarter valued at $38,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMTM. Truist Financial initiated coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company. Raymond James began coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock.

Amentum Price Performance

NYSE AMTM opened at $23.05 on Monday. The firm’s fifty day simple moving average is $27.07. Amentum Holdings, Inc. has a 1 year low of $21.24 and a 1 year high of $34.50.

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.