Booz Allen Hamilton (NYSE:BAH) Sets New 12-Month High – Should You Buy?

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price reached a new 52-week high on Thursday . The company traded as high as $164.58 and last traded at $164.08, with a volume of 35947 shares changing hands. The stock had previously closed at $164.13.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BAH. Wells Fargo & Company boosted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Truist Financial upped their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Finally, Barclays dropped their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $170.75.

Booz Allen Hamilton Stock Up 0.3 %

The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.33 and a beta of 0.59. The stock has a 50 day simple moving average of $156.80 and a 200 day simple moving average of $152.70. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Several hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after purchasing an additional 18,815 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of Booz Allen Hamilton during the 1st quarter valued at $2,044,000. Cetera Investment Advisers lifted its holdings in Booz Allen Hamilton by 142.5% during the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 16,815 shares during the last quarter. Sei Investments Co. boosted its position in Booz Allen Hamilton by 47.4% during the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after purchasing an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Booz Allen Hamilton by 2.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock worth $22,266,000 after purchasing an additional 4,264 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.