Booz Allen Hamilton (NYSE:BAH) Trading Down 6.4% – Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares traded down 6.4% on Thursday . The stock traded as low as $159.89 and last traded at $161.07. 956,864 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 728,000 shares. The stock had previously closed at $172.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research note on Monday, October 28th. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Barclays increased 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. Finally, The Goldman Sachs Group increased their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two research 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, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average target price of $180.63.

Booz Allen Hamilton Stock Down 10.1 %

The firm has a market capitalization of $19.75 billion, a P/E ratio of 24.74, a PEG ratio of 2.18 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The business’s fifty day moving average price is $165.72 and its two-hundred day moving average price is $156.97.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard Crowe sold 4,243 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 $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 in the last three months. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of hedge funds have recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its holdings in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 59 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Booz Allen Hamilton by 4.5% in the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 69 shares during the period. X Square Capital LLC grew its holdings in shares of 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 valued at $1,617,000 after purchasing an additional 72 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 79 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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