Booz Allen Hamilton Holding Co. (NYSE:BAH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) have been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $156.56.

Several analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Stifel Nicolaus lifted their price target 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. Barclays reduced their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Truist Financial dropped their price objective 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.

Insider Activity

In other news, EVP Susan L. Penfield sold 18,522 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total value of $2,847,387.06. Following the completion of the transaction, the executive vice president now directly owns 33,788 shares in the company, valued at approximately $5,194,229.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Susan L. Penfield sold 18,522 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the completion of the transaction, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at approximately $5,194,229.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. In the last three months, insiders have sold 20,569 shares of company stock worth $3,149,445. Corporate insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Booz Allen Hamilton during the 4th quarter worth approximately $188,129,000. AGF Management Ltd. increased its holdings in shares of Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of 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 grew its position 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 valued at $1,544,798,000 after purchasing an additional 222,884 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Booz Allen Hamilton by 184.0% during 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 purchasing an additional 217,349 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $154.12 on Friday. The company has a market cap of $19.93 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton has a 52-week low of $106.90 and a 52-week high of $164.43. The stock’s 50-day simple moving average is $151.69 and its 200 day simple moving average is $149.29. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55.

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

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

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.