TCW Group Inc. purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 15,569 shares of the company’s stock, valued at approximately $502,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Wharton Business Group LLC bought a new stake in shares of Amentum during the third quarter worth $2,106,000. Peak Asset Management LLC acquired a new stake in shares of Amentum during the 3rd quarter valued at $774,000. Tower Bridge Advisors acquired a new stake in shares of Amentum during the 3rd quarter valued at $4,053,000. Oppenheimer Asset Management Inc. bought a new stake in Amentum during the 3rd quarter worth $1,062,000. Finally, Janney Montgomery Scott LLC acquired a new position in Amentum in the 3rd quarter worth about $2,178,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently weighed in on AMTM shares. Truist Financial assumed coverage on Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock. 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 objective on the stock.
Amentum Trading Down 1.0 %
Amentum stock opened at $23.61 on Friday. Amentum Holdings, Inc. has a one year low of $21.24 and a one year high of $34.50. The business has a 50 day moving average of $27.16.
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.
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