Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Target Price at $158.27

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $158.27.

A number of brokerages have commented on BAH. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. TD Cowen lowered their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price 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. Finally, UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price target on the stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Several large investors have recently added to or reduced their stakes in BAH. Farther Finance Advisors LLC increased its position in shares of Booz Allen Hamilton by 22.9% during the third quarter. Farther Finance Advisors LLC now owns 865 shares of the business services provider's stock worth $141,000 after acquiring an additional 161 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Booz Allen Hamilton by 80.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,411 shares of the business services provider's stock worth $2,671,000 after purchasing an additional 7,292 shares during the period. Van ECK Associates Corp raised its position in Booz Allen Hamilton by 34.8% in the 3rd quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider's stock valued at $102,437,000 after purchasing an additional 162,083 shares in the last quarter. National Pension Service boosted its stake in shares of Booz Allen Hamilton by 3.7% in the 3rd quarter. National Pension Service now owns 204,866 shares of the business services provider's stock valued at $33,344,000 after buying an additional 7,222 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Booz Allen Hamilton by 12.4% during the third quarter. QRG Capital Management Inc. now owns 3,498 shares of the business services provider's stock worth $569,000 after buying an additional 387 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $4.22 during trading hours on Tuesday, reaching $110.01. The company had a trading volume of 3,527,147 shares, compared to its average volume of 2,462,980. Booz Allen Hamilton has a 12-month low of $101.82 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.25 and a beta of 0.56. The stock has a fifty day moving average of $126.26 and a 200-day moving average of $145.91.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) 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 analysts anticipate that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

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.