Thrivent Financial for Lutherans Has $33.90 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Thrivent Financial for Lutherans boosted its position in Amentum Holdings, Inc. (NYSE:AMTM) by 201.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,611,796 shares of the company’s stock after purchasing an additional 1,076,375 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Amentum were worth $33,896,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMTM. Anchor Investment Management LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $32,000. Glen Eagle Advisors LLC bought a new stake in Amentum during the 3rd quarter worth approximately $35,000. IFP Advisors Inc increased its position in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares during the period. Asset Planning Inc bought a new position in shares of Amentum during the fourth quarter valued at $36,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Amentum by 333.1% during the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock worth $37,000 after purchasing an additional 1,349 shares during the period. 39.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. The Goldman Sachs Group started coverage on Amentum in a research note on Thursday. They issued a “neutral” rating and a $21.00 price target for the company. Raymond James initiated coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.20.

Amentum Stock Down 3.4 %

NYSE AMTM opened at $18.39 on Friday. The business’s 50 day simple moving average is $20.53. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47.

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

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price 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 approximately $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s 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.