Booz Allen Hamilton (NYSE:BAH) Price Target Raised to $175.00 at Barclays

Booz Allen Hamilton (NYSE:BAH) had its price objective raised by Barclays from $142.00 to $175.00 in a report published on Tuesday morning, Benzinga reports. Barclays currently has an underweight rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the company. TD Cowen cut their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, StockNews.com downgraded shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $180.00.

Booz Allen Hamilton Stock Down 0.2 %

BAH stock opened at $181.28 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton has a 52 week low of $122.59 and a 52 week high of $189.13. The stock has a market capitalization of $23.16 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.51 and a beta of 0.59. The firm has a 50 day moving average of $161.39 and a 200 day moving average of $154.52.

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 given a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Activity

In related news, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Richard Crowe sold 4,243 shares of the firm’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 $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This trade represents a 0.00 % 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 worth $1,989,220 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in shares of Booz Allen Hamilton by 4.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares during the last quarter. X Square Capital LLC lifted its stake in Booz Allen Hamilton by 0.7% in the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after purchasing an additional 79 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Booz Allen Hamilton by 1.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after acquiring an additional 82 shares in the last quarter. Finally, AIA Group Ltd boosted its holdings in Booz Allen Hamilton by 0.9% in the third quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock valued at $1,888,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.