ELCO Management Co. LLC Raises Holdings in Booz Allen Hamilton Holding Corporation $BAH

ELCO Management Co. LLC increased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 20.0% in the 2nd quarter, Holdings Channel reports. The firm owned 6,000 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the period. ELCO Management Co. LLC’s holdings in Booz Allen Hamilton were worth $625,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Booz Allen Hamilton by 1.9% during the first quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider’s stock worth $1,367,043,000 after purchasing an additional 237,720 shares in the last quarter. AQR Capital Management LLC grew its holdings in Booz Allen Hamilton by 288.4% in the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock valued at $168,491,000 after buying an additional 1,204,446 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Booz Allen Hamilton by 187.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after buying an additional 1,021,809 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Booz Allen Hamilton by 78.7% in the 1st quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock valued at $153,370,000 after buying an additional 646,053 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Booz Allen Hamilton by 603.1% in the 1st quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider’s stock valued at $151,266,000 after buying an additional 1,240,689 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $85.50 on Wednesday. The stock has a market cap of $10.37 billion, a PE ratio of 13.05, a P/E/G ratio of 1.42 and a beta of 0.42. The company has a current ratio of 1.76, a quick ratio of 1.78 and a debt-to-equity ratio of 3.89. Booz Allen Hamilton Holding Corporation has a twelve month low of $84.82 and a twelve month high of $190.59. The stock has a fifty day simple moving average of $101.81 and a 200-day simple moving average of $107.85.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 5.450-5.650 EPS. Equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.20 annualized dividend and a yield of 2.6%. Booz Allen Hamilton’s dividend payout ratio is presently 33.59%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a report on Monday. Cowen cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Booz Allen Hamilton in a report on Wednesday, October 8th. Truist Financial set a $90.00 target price on Booz Allen Hamilton in a report on Friday. Finally, TD Cowen restated a “hold” rating and issued a $105.00 target price (down from $125.00) on shares of Booz Allen Hamilton in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.42.

About Booz Allen Hamilton

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.