Stonegate Investment Group LLC Takes $608,000 Position in Amentum Holdings, Inc. (NYSE:AMTM)

Stonegate Investment Group LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, Holdings Channel reports. The fund acquired 18,844 shares of the company’s stock, valued at approximately $608,000.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Amentum during the 3rd quarter valued at approximately $414,000. Compass Wealth Management LLC purchased a new position in Amentum during the third quarter worth $804,000. ZWJ Investment Counsel Inc. bought a new position in Amentum during the third quarter valued at $2,256,000. Heritage Family Offices LLP purchased a new stake in shares of Amentum in the third quarter valued at $308,000. Finally, McKinley Carter Wealth Services Inc. bought a new stake in shares of Amentum in the 3rd quarter worth about $1,764,000.

Wall Street Analysts Forecast Growth

Separately, Truist Financial assumed coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock.

Amentum Stock Performance

Shares of NYSE AMTM opened at $29.30 on Friday. Amentum Holdings, Inc. has a fifty-two week low of $23.58 and a fifty-two week 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.