Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Price Target at $158.80

Booz Allen Hamilton Holding Co. (NYSE:BAH) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $158.91.

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. TD Cowen lowered their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial cut their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC boosted its holdings in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares during the period. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after buying an additional 134 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at about $31,000. Finally, R Squared Ltd acquired a new stake in Booz Allen Hamilton during the fourth quarter worth about $31,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $117.85 on Friday. The firm’s fifty day simple moving average is $132.66 and its 200 day simple moving average is $149.09. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton has a twelve month low of $116.07 and a twelve month high of $190.59. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, equities research analysts expect that Booz Allen Hamilton will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 30.40%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.