Valley Wealth Managers Inc. Buys 373 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Valley Wealth Managers Inc. grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,790 shares of the business services provider’s stock after acquiring an additional 373 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Booz Allen Hamilton were worth $488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC increased its holdings in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Booz Allen Hamilton during the third quarter valued at $31,000. R Squared Ltd purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $31,000. Roxbury Financial LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $35,000. Finally, Berbice Capital Management LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $39,000. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BAH shares. Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group dropped their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Cantor Fitzgerald began coverage on Booz Allen Hamilton in a research report on Friday, February 7th. They issued an “overweight” rating and a $160.00 target price on the stock. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.91.

Booz Allen Hamilton Stock Up 1.2 %

NYSE BAH opened at $119.18 on Wednesday. The stock’s 50-day moving average price is $131.14 and its 200-day moving average price is $148.61. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 52 week low of $115.67 and a 52 week high of $190.59. The company has a market capitalization of $15.09 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is 30.40%.

Booz Allen Hamilton 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.