NBT Bank N A NY Purchases New Position in Amentum Holdings, Inc. (NYSE:AMTM)

NBT Bank N A NY purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,001 shares of the company’s stock, valued at approximately $63,000.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Amentum in the 3rd quarter valued at about $790,000. Wharton Business Group LLC bought a new position in Amentum in the 3rd quarter valued at about $2,106,000. JPMorgan Chase & Co. bought a new position in Amentum in the 3rd quarter valued at about $8,739,000. Peak Asset Management LLC bought a new position in Amentum in the 3rd quarter valued at about $774,000. Finally, Foundations Investment Advisors LLC bought a new position in Amentum in the 4th quarter valued at about $409,000. Institutional investors own 39.93% of the company’s stock.

Insider Transactions at Amentum

In related news, Director Barbara Loughran purchased 4,600 shares of the firm’s 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 purchase, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMTM. Raymond James assumed coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th.

Amentum Price Performance

Amentum stock opened at $17.06 on Wednesday. Amentum Holdings, Inc. has a 52 week low of $16.95 and a 52 week high of $34.47. The business’s 50 day moving average price is $21.08. 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 (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.