Booz Allen Hamilton (NYSE:BAH) Given New $155.00 Price Target at Truist Financial

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by Truist Financial from $185.00 to $155.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other research analysts have also weighed in on the company. Barclays raised their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Wells Fargo & Company raised their price objective on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, TD Cowen cut their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus price target of $176.88.

Booz Allen Hamilton Stock Down 0.4 %

BAH stock opened at $149.26 on Friday. Booz Allen Hamilton has a twelve month low of $123.17 and a twelve month high of $190.59. 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 market cap of $19.07 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.66 and a beta of 0.58. The business has a 50 day moving average of $164.88 and a 200 day moving average of $156.85.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 in the last ninety days. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in Booz Allen Hamilton by 142.5% in the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after purchasing an additional 16,815 shares during the period. Cumberland Partners Ltd raised its holdings in Booz Allen Hamilton by 39.5% in the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after purchasing an additional 14,620 shares during the period. Natixis bought a new position in Booz Allen Hamilton in the 1st quarter worth $893,000. Covestor Ltd raised its holdings in Booz Allen Hamilton by 150.8% in the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock worth $46,000 after purchasing an additional 184 shares during the period. Finally, BDF Gestion bought a new position in Booz Allen Hamilton in the 2nd quarter worth $2,641,000. 91.82% of the stock is owned by institutional investors.

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.