Booz Allen Hamilton (NYSE:BAH) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Booz Allen Hamilton Holding Corporation (NYSE:BAH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $75.37 and traded as high as $75.92. Booz Allen Hamilton shares last traded at $74.0190, with a volume of 1,423,314 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a report on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a report on Monday, May 11th. TD Cowen cut their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. UBS Group raised their price objective on Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $84.08.

Booz Allen Hamilton Stock Performance

The firm’s fifty day simple moving average is $68.77 and its 200 day simple moving average is $75.30. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 3.82 and a beta of 0.34. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.32 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.2%. Booz Allen Hamilton’s dividend payout ratio is presently 37.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BAH. Vanguard Group Inc. boosted its position in Booz Allen Hamilton by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after acquiring an additional 227,141 shares during the period. California State Teachers Retirement System increased its holdings in shares of Booz Allen Hamilton by 5,743.0% in the 2nd quarter. California State Teachers Retirement System now owns 8,467,773 shares of the business services provider’s stock valued at $513,740,000 after purchasing an additional 8,322,852 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Booz Allen Hamilton by 38.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after purchasing an additional 1,811,906 shares during the period. First Trust Advisors LP lifted its position in shares of Booz Allen Hamilton by 36.0% in the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after purchasing an additional 1,285,475 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of Booz Allen Hamilton by 135.2% during the fourth quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock worth $393,649,000 after purchasing an additional 2,682,460 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.