Several other research firms also recently weighed in on BAH. Wells Fargo & Company upped their price objective on shares of Booz Allen Hamilton from $90.00 to $98.00 and gave the stock an overweight rating in a report on Thursday, March 24th. The Goldman Sachs Group upgraded shares of Booz Allen Hamilton from a neutral rating to a buy rating and upped their target price for the stock from $83.00 to $102.00 in a research note on Wednesday, April 13th. Morgan Stanley reduced their target price on shares of Booz Allen Hamilton from $98.00 to $93.00 and set an overweight rating for the company in a research note on Tuesday, February 1st. Zacks Investment Research lowered shares of Booz Allen Hamilton from a buy rating to a hold rating and set a $96.00 target price for the company. in a research note on Friday, April 8th. Finally, StockNews.com assumed coverage on shares of Booz Allen Hamilton in a research note on Thursday, March 31st. They issued a hold rating for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton presently has an average rating of Buy and an average price target of $97.30.
BAH opened at $86.86 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.56. The company’s fifty day moving average price is $85.51 and its two-hundred day moving average price is $83.92. Booz Allen Hamilton has a 1-year low of $69.68 and a 1-year high of $91.46. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.39 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.72 dividend on an annualized basis and a yield of 1.98%. Booz Allen Hamilton’s dividend payout ratio is presently 41.05%.
In other Booz Allen Hamilton news, EVP Karen M. Dahut sold 97,761 shares of the stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $84.48, for a total transaction of $8,258,849.28. Following the completion of the transaction, the executive vice president now owns 194,836 shares in the company, valued at $16,459,745.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Laben sold 21,161 shares of the stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $88.54, for a total transaction of $1,873,594.94. The disclosure for this sale can be found here. Insiders have sold 124,925 shares of company stock valued at $10,666,411 in the last quarter. Company insiders own 1.92% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $25,000. Jacobi Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 70.3% in the third quarter. Jacobi Capital Management LLC now owns 315 shares of the business services provider’s stock worth $25,000 after buying an additional 130 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $28,000. Quent Capital LLC purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $28,000. Finally, Zullo Investment Group Inc. purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $36,000. 90.44% of the stock is currently owned by hedge funds and other institutional investors.
Booz Allen Hamilton Company Profile (Get Rating)
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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