HighTower Advisors LLC Makes New Investment in Amentum Holdings, Inc. (NYSE:AMTM)

HighTower Advisors LLC purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,903 shares of the company’s stock, valued at approximately $1,481,000.

Other institutional investors also recently modified their holdings of the company. Arrow Financial Corp acquired a new stake in Amentum in the 3rd quarter valued at approximately $26,000. US Bancorp DE acquired a new stake in shares of Amentum in the third quarter valued at approximately $30,000. Signaturefd LLC bought a new stake in shares of Amentum in the third quarter worth $33,000. HM Payson & Co. acquired a new position in Amentum during the third quarter worth $38,000. Finally, Studio Investment Management LLC bought a new position in Amentum in the third quarter valued at $42,000. 39.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMTM has been the topic of several analyst reports. Truist Financial started coverage on shares of Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock. Raymond James assumed coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

Amentum Price Performance

NYSE:AMTM opened at $23.05 on Monday. Amentum Holdings, Inc. has a 1-year low of $21.24 and a 1-year high of $34.50. The firm has a fifty day moving average price of $27.07.

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.