Booz Allen Hamilton Holding Co. (NYSE:BAH) Announces $0.51 Quarterly Dividend

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Friday, October 25th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.51 per share by the business services provider on Wednesday, December 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, November 15th.

Booz Allen Hamilton has increased its dividend payment by an average of 14.9% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Booz Allen Hamilton has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Booz Allen Hamilton to earn $6.89 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 29.6%.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $172.06 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a 50-day simple moving average of $165.72 and a 200 day simple moving average of $156.97. The company has a market cap of $21.98 billion, a PE ratio of 27.01, a P/E/G ratio of 2.18 and a beta of 0.58. Booz Allen Hamilton has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the business’s 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 transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock worth $1,989,220 over the last three months. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BAH shares. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company raised their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Barclays lifted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Truist Financial upped their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus target price of $180.63.

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.