Booz Allen Hamilton Holding Co. (NYSE:BAH) Position Raised by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 51.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 951,605 shares of the business services provider’s stock after purchasing an additional 324,159 shares during the period. Van ECK Associates Corp’s holdings in Booz Allen Hamilton were worth $122,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAH. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton in the third quarter worth approximately $31,000. R Squared Ltd acquired a new position in Booz Allen Hamilton in the fourth quarter worth approximately $31,000. Berbice Capital Management LLC acquired a new position in Booz Allen Hamilton in the fourth quarter worth approximately $39,000. Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton in the third quarter worth approximately $45,000. Finally, Kennebec Savings Bank acquired a new position in Booz Allen Hamilton in the third quarter worth approximately $60,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Down 3.3 %

Shares of NYSE:BAH opened at $117.85 on Friday. The firm has a fifty day moving average of $132.66 and a two-hundred day moving average of $149.09. The firm has a market capitalization of $14.93 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12-month low of $116.07 and a 12-month high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is presently 30.40%.

Analyst Ratings Changes

Several equities analysts have weighed in on BAH shares. JPMorgan Chase & Co. lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research report on Monday, January 6th. Finally, UBS Group started coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and a consensus target price of $158.91.

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.