Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Target Price at $161.78

Booz Allen Hamilton Holding Co. (NYSE:BAH) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $161.78.

Several research firms have recently weighed in on BAH. The Goldman Sachs Group decreased their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. TD Cowen lowered their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd.

Booz Allen Hamilton Trading Down 0.1 %

NYSE:BAH opened at $136.22 on Monday. The company has a market cap of $17.40 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.59 and a beta of 0.55. Booz Allen Hamilton has a 1 year low of $125.88 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s fifty day moving average price is $140.20 and its two-hundred day moving average price is $152.06.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Activity

In related news, 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 completion of the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at about $31,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton in the third quarter valued at $45,000. Kennebec Savings Bank acquired a new stake in Booz Allen Hamilton during the third quarter worth about $60,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $83,000. Finally, Covestor Ltd raised its position in shares of Booz Allen Hamilton by 87.2% in the third quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after acquiring an additional 293 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

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.