Booz Allen Hamilton Holding Co. (NYSE:BAH) Receives $161.78 Consensus Target Price from Brokerages

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) have been given an average recommendation of "Hold" by the nine brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $161.78.

A number of brokerages recently weighed in on BAH. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and raised their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. The Goldman Sachs Group decreased their price objective on shares of 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 report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price target on the stock.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares of the company's stock, valued at $4,886,970. This trade represents a 12.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

Institutional Trading of Booz Allen Hamilton

A number of institutional investors and hedge funds have recently bought and sold shares of BAH. Westfield Capital Management Co. LP purchased a new position in Booz Allen Hamilton in the 3rd quarter worth approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after acquiring an additional 285,621 shares in the last quarter. FMR LLC raised its holdings in shares of Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider's stock worth $58,077,000 after purchasing an additional 188,185 shares during the period. Millennium Management LLC boosted its stake in Booz Allen Hamilton by 91.6% in the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider's stock valued at $56,581,000 after acquiring an additional 175,795 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of 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 worth $102,437,000 after purchasing an additional 162,083 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded up $3.68 during trading on Monday, reaching $136.15. 331,704 shares of the stock traded hands, compared to its average volume of 1,541,818. The company has a 50-day moving average of $144.74 and a 200-day moving average of $152.68. Booz Allen Hamilton has a 52-week low of $125.88 and a 52-week high of $190.59. The stock has a market capitalization of $17.40 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

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.