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CHANTILLY, Va.— Steven J. Demetriou, Executive Chair of Amentum Holdings, Inc. (NASDAQ:AMTM), recently acquired a significant number of shares in the company, according to a recent SEC filing. On February 12, 2025, Demetriou purchased 100,000 shares of Amentum's common stock at a weighted average price of $20.807 per share, amounting to a total transaction value of approximately $2.08 million. According to InvestingPro analysis, the stock currently trades at $19.80, suggesting potential value opportunity based on its Fair Value assessment.
This purchase follows a previous transaction dated September 18, 2024, where Demetriou received 520,893 shares as part of a pro-rata distribution in-kind by Jacobs Solutions Inc. for no consideration. Following these transactions, Demetriou's direct ownership in Amentum increased to 620,893 shares. The timing is notable as the stock has declined 33% over the past six months, with the shares currently trading well below their 52-week high of $34.50.
The transactions highlight Demetriou's ongoing involvement and confidence in Amentum Holdings, a company operating in the business services sector. InvestingPro data reveals strong revenue growth of 23% in the last twelve months, with analysts expecting continued growth and profitability in the current year. Get access to 10+ additional exclusive ProTips and comprehensive analysis with InvestingPro.
In other recent news, Amentum has secured a significant $822.7 million contract with NASA. The contract, known as the Consolidated Operations, Services, and Maintenance Infrastructure Contract (COSMIC), will see Amentum's joint venture with Chugach Government Solutions, Nova Space Solutions (NSS), enhance operations at two key NASA facilities. This development builds on Amentum's established track record of reliable and cost-effective solutions at NASA centers across the nation.
In financial news, Amentum's top-line revenue exceeded expectations by 2%, reaching $3.4 billion, as reported by Raymond (NSE:RYMD) James, which maintained an Outperform rating on Amentum with a steady price target of $30.00. Truist Securities also sustained its Buy rating on Amentum and reiterated a price target of $31.00, based on the company's positive first-quarter 2025 results and potential for long-term growth.
Amentum's CEO, John Heller, was granted a significant equity award, consisting of 1,373,955 stock options and 155,938 restricted stock units (RSUs). Lastly, Truist Securities expressed continued confidence in Amentum following a non-deal roadshow with the company's leadership, maintaining a Buy rating and a steady price target of $31.00. All these are recent developments that highlight the company's operational and financial performance.
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