Booz Allen Hamilton Sees Unusually High Options Volume (NYSE:BAH)

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 7,063 put options on the stock. This is an increase of approximately 150% compared to the average volume of 2,829 put options.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently modified their holdings of BAH. Bogart Wealth LLC boosted its position 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 valued at $25,000 after buying an additional 155 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after acquiring an additional 134 shares during the period. R Squared Ltd acquired a new position in Booz Allen Hamilton during the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 7.0 %

NYSE:BAH traded down $7.88 during trading hours on Thursday, reaching $104.83. The company’s stock had a trading volume of 1,902,356 shares, compared to its average volume of 2,455,213. The stock has a 50 day moving average price of $122.48 and a two-hundred day moving average price of $142.75. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $13.28 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton has a 12 month low of $101.82 and a 12 month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Equities analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Truist Financial lowered their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. lowered their price objective 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. The Goldman Sachs Group dropped their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and a consensus price target of $158.27.

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.