Booz Allen Hamilton (NYSE:BAH) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a sell rating to a hold rating in a research report released on Monday.

BAH has been the subject of a number of other research reports. TD Cowen decreased their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial increased their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays cut their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $170.75.

Booz Allen Hamilton Stock Down 0.5 %

Booz Allen Hamilton stock opened at $163.30 on Monday. The company has a market cap of $21.12 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton has a 1-year low of $114.69 and a 1-year high of $164.58. The company has a fifty day simple moving average of $156.16 and a 200 day simple moving average of $152.52. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Research analysts anticipate that Booz Allen Hamilton will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Booz Allen Hamilton

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares in the last quarter. Captrust Financial Advisors raised its stake in Booz Allen Hamilton by 29.4% in the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after purchasing an additional 244,391 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after buying an additional 217,349 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after buying an additional 199,871 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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.