Hilton Capital Management LLC Sells 8,143 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Hilton Capital Management LLC lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,574 shares of the business services provider’s stock after selling 8,143 shares during the period. Booz Allen Hamilton comprises 1.0% of Hilton Capital Management LLC’s holdings, making the stock its 23rd largest position. Hilton Capital Management LLC’s holdings in Booz Allen Hamilton were worth $11,914,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $3,496,000. Vestcor Inc raised its stake in shares of Booz Allen Hamilton by 1.4% in the 4th quarter. Vestcor Inc now owns 59,379 shares of the business services provider’s stock valued at $7,642,000 after purchasing an additional 813 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $9,372,000. EverSource Wealth Advisors LLC raised its stake in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 134 shares during the period. Finally, S&CO Inc. raised its stake in shares of Booz Allen Hamilton by 3.5% in the 4th quarter. S&CO Inc. now owns 5,890 shares of the business services provider’s stock valued at $758,000 after purchasing an additional 200 shares during the period. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BAH. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. UBS Group began coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Trading Down 0.2 %

Booz Allen Hamilton stock opened at $111.31 on Friday. Booz Allen Hamilton Holding Co. has a 52 week low of $101.82 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $14.10 billion, a P/E ratio of 16.59, a PEG ratio of 1.25 and a beta of 0.56. The stock has a 50-day simple moving average of $124.13 and a 200 day simple moving average of $144.24.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is currently 32.79%.

Booz Allen Hamilton 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.