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

Van ECK Associates Corp increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 75.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,363 shares of the business services provider’s stock after purchasing an additional 199,871 shares during the quarter. Van ECK Associates Corp owned 0.36% of Booz Allen Hamilton worth $71,619,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $127,450,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $431,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $214,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Booz Allen Hamilton by 838.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,897 shares of the business services provider’s stock valued at $2,290,000 after purchasing an additional 15,989 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its stake in shares of Booz Allen Hamilton by 31.9% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,371 shares of the business services provider’s stock valued at $559,000 after purchasing an additional 1,056 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded up $1.41 during midday trading on Friday, reaching $158.78. 577,292 shares of the company traded hands, compared to its average volume of 671,511. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43. The stock has a 50-day moving average price of $152.01 and a 200 day moving average price of $149.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.62. The company has a market cap of $20.53 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.06 and a beta of 0.57.

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

Booz Allen Hamilton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BAH shares. Barclays dropped their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $168.00 to $165.00 in a research note 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 stock a “buy” rating in a research note on Tuesday, May 21st. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Truist Financial decreased their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Insiders Place Their Bets

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

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.