Booz Allen Hamilton (NYSE:BAH) Upgraded at TD Cowen

TD Cowen upgraded shares of Booz Allen Hamilton (NYSE:BAH) to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the company from $180.00 to $190.00 in a research report on Monday, November 4th. UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target for the company. Finally, Barclays raised their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus target price of $167.44.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $128.66 on Thursday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The business has a 50-day simple moving average of $157.76 and a two-hundred day simple moving average of $155.25. Booz Allen Hamilton has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.59%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Activity

In related news, 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 $4,886,970. This trade represents a 12.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,173 shares of company stock worth $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. Milestone Resources Group Ltd purchased a new position in Booz Allen Hamilton in the third quarter valued at $10,343,000. Franklin Resources Inc. increased its position in shares of Booz Allen Hamilton by 9.1% in the third quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider’s stock valued at $14,249,000 after buying an additional 7,271 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Booz Allen Hamilton by 17.7% during the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock worth $2,143,000 after buying an additional 1,979 shares during the period. World Investment Advisors LLC lifted its position in shares of Booz Allen Hamilton by 26.1% during the 3rd quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider’s stock valued at $1,094,000 after buying an additional 1,390 shares in the last quarter. Finally, Anchor Investment Management LLC grew its stake in Booz Allen Hamilton by 865.7% in the 3rd quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 580 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

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.