First Bank & Trust Acquires New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

First Bank & Trust acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,372 shares of the company’s stock, valued at approximately $218,000.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Amentum during the third quarter valued at $790,000. Wharton Business Group LLC acquired a new stake in Amentum in the 3rd quarter worth about $2,106,000. JPMorgan Chase & Co. acquired a new stake in Amentum in the 3rd quarter worth about $8,739,000. Peak Asset Management LLC acquired a new stake in Amentum in the 3rd quarter worth about $774,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Amentum in the 4th quarter worth about $409,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Insider Activity at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares of the company’s stock, valued at $97,658. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Amentum Stock Down 2.3 %

NYSE AMTM opened at $20.74 on Friday. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $21.44.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of research analyst reports. 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 initiated 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 initiated 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.

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.