Booz Allen Hamilton (NYSE:BAH) Upgraded at Barclays

Barclays upgraded shares of Booz Allen Hamilton (NYSE:BAH) from an underweight rating to an equal weight rating in a research note published on Monday, MarketBeat Ratings reports. They currently have $140.00 price objective on the business services provider’s stock.

A number of other research analysts have also recently issued reports on BAH. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Truist Financial decreased their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $129.77 on Monday. Booz Allen Hamilton has a 52 week low of $125.42 and a 52 week high of $190.59. 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 company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.62 and a beta of 0.55. The company has a 50-day moving average of $147.82 and a 200-day moving average of $153.23.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Buying and Selling

In other news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were 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 of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cumberland Partners Ltd raised its position in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after buying an additional 14,620 shares in the last quarter. Toronto Dominion Bank raised its position in Booz Allen Hamilton by 29.6% during the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock valued at $2,752,000 after purchasing an additional 3,863 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after buying an additional 32,897 shares in the last quarter. Stifel Financial Corp grew its position in Booz Allen Hamilton by 23.5% in the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock valued at $19,381,000 after acquiring an additional 22,690 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at approximately $15,152,000. 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.