Booz Allen Hamilton (NYSE:BAH) Sees Unusually-High Trading Volume – What’s Next?

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares saw unusually-high trading volume on Friday . Approximately 414,791 shares traded hands during mid-day trading, a decline of 44% from the previous session’s volume of 742,412 shares.The stock last traded at $151.63 and had previously closed at $154.57.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Truist Financial lifted their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the stock 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 report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Trading Down 3.4 %

The stock has a market cap of $19.09 billion, a PE ratio of 24.27, a P/E/G ratio of 2.06 and a beta of 0.58. 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 $165.70 and a 200-day simple moving average of $156.95.

Booz Allen Hamilton Dividend Announcement

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

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated 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 directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the 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 completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Maven Securities LTD bought a new stake in Booz Allen Hamilton in the third quarter worth $491,000. IHT Wealth Management LLC raised its holdings in Booz Allen Hamilton by 9.1% in the third quarter. IHT Wealth Management LLC now owns 3,209 shares of the business services provider’s stock worth $523,000 after buying an additional 268 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Booz Allen Hamilton during the third quarter valued at approximately $225,000. Investment Management Corp of Ontario raised its stake in shares of Booz Allen Hamilton by 52.8% in the third quarter. Investment Management Corp of Ontario now owns 4,340 shares of the business services provider’s stock worth $706,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Booz Allen Hamilton by 30.2% during the 3rd quarter. Janus Henderson Group PLC now owns 631,703 shares of the business services provider’s stock valued at $102,809,000 after acquiring an additional 146,420 shares during the period. 91.82% of the stock is currently owned by institutional investors.

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.