Principal Financial Group Inc. Purchases New Position in Amentum Holdings, Inc. (NYSE:AMTM)

Principal Financial Group Inc. acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 145,574 shares of the company’s stock, valued at approximately $4,695,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMTM. Arrow Financial Corp purchased a new position in shares of Amentum in the third quarter worth $26,000. US Bancorp DE bought a new stake in Amentum in the 3rd quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in Amentum in the 3rd quarter worth about $32,000. Signaturefd LLC purchased a new position in Amentum in the 3rd quarter worth about $33,000. Finally, Glen Eagle Advisors LLC bought a new position in Amentum during the 3rd quarter valued at about $35,000. 39.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Amentum Stock Performance

AMTM stock opened at $21.66 on Friday. The firm has a 50-day moving average price of $24.96. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50.

Amentum 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.