Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC lessened its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,836 shares of the business services provider’s stock after selling 87 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Booz Allen Hamilton were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after buying an additional 222,884 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Booz Allen Hamilton by 0.5% in the first quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after acquiring an additional 22,708 shares during the last quarter. Norges Bank purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $188,129,000. Axiom Investors LLC DE raised its holdings in shares of Booz Allen Hamilton by 9.4% in the 4th quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock worth $151,620,000 after purchasing an additional 102,062 shares during the period. Finally, Bessemer Group Inc. grew its stake in Booz Allen Hamilton by 1.9% during the first quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock worth $174,978,000 after buying an additional 22,545 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. TD Cowen dropped their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial reduced their price target on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a report on Monday, July 29th. Jefferies Financial Group raised their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $168.00 to $165.00 in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average price target of $156.56.

Booz Allen Hamilton Stock Performance

Shares of BAH stock traded up $1.41 during trading hours on Friday, reaching $158.78. The stock had a trading volume of 577,292 shares, compared to its average volume of 671,511. The firm has a 50-day simple moving average of $152.01 and a 200-day simple moving average of $149.78. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The firm has a market capitalization of $20.53 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.62.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data 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 company had revenue of $2.94 billion for 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%. As a group, equities analysts forecast that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.28%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Insider Activity

In other news, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. Insiders own 1.59% 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.