Booz Allen Hamilton (NYSE:BAH) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a report published on Thursday morning.

BAH has been the topic of a number of other reports. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Monday, October 28th. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company upped their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price target for the company from $180.00 to $190.00 in a report on Monday. Finally, Barclays upped their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $6.39 during midday trading on Thursday, reaching $182.19. 576,095 shares of the company were exchanged, compared to its average volume of 712,471. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59. The company has a market cap of $23.28 billion, a P/E ratio of 27.59, a PEG ratio of 2.51 and a beta of 0.58. The company’s 50 day moving average price is $163.93 and its two-hundred day moving average price is $155.90. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This trade 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 this hyperlink. In other news, EVP Richard Crowe sold 4,243 shares of the business’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 $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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred 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 sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its position in Booz Allen Hamilton by 99.0% during the 1st quarter. Private Advisor Group LLC now owns 5,816 shares of the business services provider’s stock worth $863,000 after acquiring an additional 2,894 shares during the period. Daiwa Securities Group Inc. lifted its stake in Booz Allen Hamilton by 3.6% during the first quarter. Daiwa Securities Group Inc. now owns 8,594 shares of the business services provider’s stock worth $1,276,000 after purchasing an additional 300 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Booz Allen Hamilton by 9.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 36,540 shares of the business services provider’s stock valued at $5,424,000 after acquiring an additional 3,136 shares in the last quarter. Empowered Funds LLC raised its stake in Booz Allen Hamilton by 352.8% in the first quarter. Empowered Funds LLC now owns 51,208 shares of the business services provider’s stock valued at $7,601,000 after buying an additional 39,898 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Booz Allen Hamilton by 1,046.7% during the first quarter. SG Americas Securities LLC now owns 33,415 shares of the business services provider’s stock worth $4,960,000 after purchasing an additional 30,501 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.