Booz Allen Hamilton Holding Co. (NYSE:BAH) Receives $176.88 Average Target Price from Brokerages

Booz Allen Hamilton Holding Co. (NYSE:BAH) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $173.25.

Several research analysts have commented on BAH shares. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Wells Fargo & Company decreased their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Finally, StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 completion of 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 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock valued at $1,989,220 in the last quarter. 1.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton in the 2nd quarter worth about $26,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the second quarter worth approximately $29,000. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton in the third quarter worth approximately $31,000. Innealta Capital LLC bought a new position in Booz Allen Hamilton during the second quarter valued at approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Booz Allen Hamilton during the third quarter valued at approximately $45,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

BAH opened at $148.18 on Friday. The stock’s 50 day moving average price is $163.86 and its 200-day moving average price is $156.70. Booz Allen Hamilton has a 52-week low of $123.17 and a 52-week high of $190.59. The stock has a market capitalization of $18.93 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 1.77 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.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Booz Allen Hamilton’s payout ratio is presently 32.03%.

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.