Avior Wealth Management LLC Lowers Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Avior Wealth Management LLC decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 28.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,164 shares of the business services provider’s stock after selling 849 shares during the period. Avior Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $1,676,000. Sumitomo Life Insurance Co. boosted its holdings in shares of Booz Allen Hamilton by 125.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 15,629 shares of the business services provider’s stock valued at $1,999,000 after purchasing an additional 8,700 shares during the period. Triasima Portfolio Management inc. raised its stake in Booz Allen Hamilton by 149.1% in the fourth quarter. Triasima Portfolio Management inc. now owns 6,700 shares of the business services provider’s stock worth $857,000 after buying an additional 4,010 shares in the last quarter. WCM Investment Management LLC raised its stake in Booz Allen Hamilton by 0.9% in the fourth quarter. WCM Investment Management LLC now owns 4,229,460 shares of the business services provider’s stock worth $537,776,000 after buying an additional 39,528 shares in the last quarter. Finally, Simplicity Solutions LLC bought a new position in Booz Allen Hamilton in the fourth quarter worth approximately $221,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

NYSE BAH opened at $142.14 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s fifty day moving average price is $146.03 and its 200 day moving average price is $134.02. Booz Allen Hamilton Holding Co. has a 1 year low of $89.80 and a 1 year high of $150.59. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.91 and a beta of 0.53.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.44%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 9th. Booz Allen Hamilton’s dividend payout ratio is presently 65.81%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the sale, the chief operating officer now directly owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,568 shares of company stock valued at $8,067,487. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAH. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Jefferies Financial Group boosted their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $145.11.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.