Country Club Bank Acquires Shares of 32,594 Amentum Holdings, Inc. (NYSE:AMTM)

Country Club Bank bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,594 shares of the company’s stock, valued at approximately $727,000.

Several other large investors also recently modified their holdings of AMTM. Arrow Financial Corp purchased a new stake in Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE bought a new position in shares of Amentum during the third quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new stake in Amentum in the third quarter worth $32,000. Signaturefd LLC bought a new stake in Amentum in the third quarter valued at $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in Amentum in the third quarter valued at $35,000. 39.93% of the stock is owned by institutional investors.

Amentum Price Performance

Shares of Amentum stock opened at $22.72 on Thursday. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average price is $22.04.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMTM has been the subject of several research analyst reports. Truist Financial initiated coverage on shares of Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 target price for the company. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on Amentum in a research report on Friday, January 10th. They set a “sector perform” rating and a $24.00 price objective on the stock.

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.