Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $155.00 at Truist Financial

Booz Allen Hamilton (NYSE:BAH) had its price target reduced by Truist Financial from $185.00 to $155.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

BAH has been the subject of several other research reports. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays boosted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company boosted their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $176.88.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $149.22 on Friday. The company has a fifty day moving average of $164.73 and a 200-day moving average of $156.90. The firm has a market capitalization of $19.07 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.80 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. Booz Allen Hamilton has a twelve month low of $123.17 and a twelve month high of $190.59.

Booz Allen Hamilton Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock valued at $1,989,220 in the last three months. 1.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC boosted its holdings in shares of 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 worth $105,000 after buying an additional 580 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Booz Allen Hamilton by 41.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock worth $221,000 after buying an additional 400 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Booz Allen Hamilton by 29.6% in the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock worth $2,752,000 after buying an additional 3,863 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 10.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 17,443 shares of the business services provider’s stock worth $2,841,000 after buying an additional 1,686 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after buying an additional 58,038 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other 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.