Two Point Capital Management Inc. Expands Its Portfolio with Amentum Holdings, Inc.

In the fourth quarter, Two Point Capital Management Inc. announced the purchase of a new stake in Amentum Holdings, Inc. (NYSE:AMTM). This information came to light through the company’s recent Form 13F filing with the Securities and Exchange Commission (SEC). Two Point Capital Management Inc. acquired 88,129 shares of Amentum, which are valued at approximately $1,853,000. This investment reflects 0.7% of the firm’s overall portfolio, making Amentum its 26th largest holding.

Other institutional investors have also been active in buying and selling shares of Amentum recently. For instance, Arrow Financial Corp made a new investment in Amentum during the third quarter, valued at around $26,000. Similarly, US Bancorp DE invested approximately $30,000 in new shares of Amentum, while Anchor Investment Management LLC and Signaturefd LLC made investments worth about $32,000 and $33,000, respectively. Lastly, Glen Eagle Advisors LLC participated in the third quarter market by acquiring a position valued at around $35,000. Currently, institutional investors hold 39.93% of Amentum’s stock.

Amentum Stock Performance

On Thursday, shares of Amentum began trading at $20.52. The company has a debt-to-equity ratio of 1.02. Its quick ratio stands at 1.57, while the current ratio is at 1.59. When analyzing the stock’s recent performance, its 50-day moving average is noted at $21.80. Amentum Holdings, Inc. shows a twelve-month low of $18.38 and a twelve-month high of $34.50.

Amentum (NYSE:AMTM) recently disclosed its quarterly earnings results on Tuesday, February 4th. The company reported earnings per share of $0.51, which exceeded analysts' forecasts of $0.45 by $0.06. Expectations among research analysts indicate that Amentum will report earnings per share of 2.1 for the ongoing fiscal year.

Analyst Ratings and Future Outlook

A number of financial analysts have shared their insights regarding Amentum Holdings. The Royal Bank of Canada maintained a "sector perform" rating while setting a price target of $24.00 on Amentum shares in a report dated February 6th. In addition, Cantor Fitzgerald began coverage of Amentum and established a "neutral" rating alongside a price target of $25.00. Furthermore, Raymond James initiated coverage on Amentum, granting it an "outperform" rating with a price target of $30.00.

More on Amentum Holdings

Company Overview

Amentum Holdings, Inc. specializes in providing engineering and technology solutions aimed at addressing various challenges within fields such as science, security, and sustainability. The company serves a wide range of markets including energy, environment, space, intelligence, defense, civilian sectors, commercial, and international markets. Established in 2010, Amentum is headquartered in Chantilly, Virginia.

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