Booz Allen Hamilton Holding Corporation (BAH) Receives Average Rating of “Hold” from Brokerages

Booz Allen Hamilton Holding Corporation (NYSE:BAH) has received a consensus rating of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $37.31.

BAH has been the topic of a number of recent research reports. Jefferies Group LLC cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and issued a $41.00 target price (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Monday, June 26th. BidaskClub cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $40.00 target price (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Finally, Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, June 16th.

Booz Allen Hamilton Holding Corporation (BAH) traded up 2.32% during mid-day trading on Friday, hitting $35.25. The company had a trading volume of 1,815,000 shares. Booz Allen Hamilton Holding Corporation has a 52 week low of $29.55 and a 52 week high of $39.67. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 20.22 and a beta of 1.31. The firm’s 50 day moving average is $34.09 and its 200 day moving average is $35.25.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.46 EPS. Booz Allen Hamilton Holding Corporation’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 10th. This is a boost from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. Booz Allen Hamilton Holding Corporation’s dividend payout ratio (DPR) is currently 38.86%.

In other Booz Allen Hamilton Holding Corporation news, Director Peter J. Clare purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $32.30 per share, with a total value of $323,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karen M. Dahut sold 36,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total value of $1,224,720.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,001 shares of company stock worth $1,562,454. Insiders own 3.04% of the company’s stock.

A number of large investors have recently bought and sold shares of BAH. Colony Group LLC increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 2.3% in the second quarter. Colony Group LLC now owns 68,566 shares of the business services provider’s stock worth $2,231,000 after purchasing an additional 1,524 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Booz Allen Hamilton Holding Corporation in the second quarter worth about $234,000. Nomura Holdings Inc. bought a new stake in shares of Booz Allen Hamilton Holding Corporation in the second quarter worth about $398,000. California State Teachers Retirement System increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 15.6% in the second quarter. California State Teachers Retirement System now owns 261,393 shares of the business services provider’s stock worth $8,506,000 after purchasing an additional 35,274 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock worth $593,000 after purchasing an additional 49 shares during the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

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About Booz Allen Hamilton Holding Corporation

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Analyst Recommendations for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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