Diamond Hill Capital Management LLC Investment Advisor Takes Position in Booz Allen Hamilton Holding Corporation $BAH

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 845,976 shares of the business services provider’s stock, valued at approximately $51,325,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.70% of Booz Allen Hamilton at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Primecap Management Co. CA boosted its holdings in 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 buying an additional 2,682,460 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Booz Allen Hamilton by 38.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after acquiring an additional 1,811,906 shares in the last quarter. Norges Bank bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $143,749,000. State Street Corp raised its position in shares of Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after purchasing an additional 1,528,739 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Booz Allen Hamilton by 36.0% during 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 during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Cantor Fitzgerald cut their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. UBS Group upped their price target on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, May 11th. Three equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $84.08.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $77.51 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $112.22. The stock has a market capitalization of $9.32 billion, a P/E ratio of 12.19, a P/E/G ratio of 4.00 and a beta of 0.34. The company has a 50 day moving average of $68.83 and a 200-day moving average of $75.93.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping 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 firm posted $1.48 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.32 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.0%. Booz Allen Hamilton’s payout ratio is 37.11%.

Booz Allen Hamilton Company Profile

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.