Fmr LLC Purchases New Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Fmr LLC acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 79,315 shares of the company’s stock, valued at approximately $2,558,000.

Other hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA acquired a new position in Amentum during the 3rd quarter valued at about $169,999,000. Allspring Global Investments Holdings LLC bought a new position in Amentum in the third quarter valued at approximately $78,399,000. Massachusetts Financial Services Co. MA acquired a new stake in Amentum during the 3rd quarter worth $39,613,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Amentum during the 3rd quarter valued at $24,527,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Amentum in the 3rd quarter valued at $17,268,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

Shares of NYSE:AMTM opened at $23.05 on Friday. Amentum Holdings, Inc. has a 12-month low of $21.24 and a 12-month high of $34.50. The stock’s 50 day moving average price is $27.07.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial began coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock. Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company.

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.