Booz Allen Hamilton (NYSE:BAH) Raised to “Outperform” at Raymond James

Raymond James upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a market perform rating to an outperform rating in a report issued on Monday morning, Marketbeat.com reports. The brokerage currently has $150.00 price target on the business services provider’s stock.

Several other research firms have also weighed in on BAH. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Truist Financial lowered their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a report on Monday, January 6th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.80.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $129.30 on Monday. The stock has a market capitalization of $16.52 billion, a PE ratio of 19.27, a PEG ratio of 1.53 and a beta of 0.55. The business’s 50 day simple moving average is $134.73 and its 200 day simple moving average is $150.03. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton has a one year low of $121.02 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. As a group, research analysts forecast that Booz Allen Hamilton will post 6.32 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.70%. Booz Allen Hamilton’s dividend payout ratio is presently 30.40%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after acquiring an additional 58,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after purchasing an additional 32,897 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Booz Allen Hamilton by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after buying an additional 324,159 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Booz Allen Hamilton by 1.1% during the third quarter. Captrust Financial Advisors now owns 856,437 shares of the business services provider’s stock worth $139,394,000 after buying an additional 9,480 shares in the last quarter. 91.82% of the stock is currently 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.