Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Target Price at $167.44

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) have earned an average recommendation of "Hold" from the nine research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $167.44.

Several research firms recently issued reports on BAH. Barclays upped their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Wells Fargo & Company decreased their price objective on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating for the company in a research note on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a report on Friday, November 22nd. Finally, StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th.

Booz Allen Hamilton Stock Down 3.5 %

Shares of Booz Allen Hamilton stock traded down $4.71 during trading on Thursday, reaching $128.66. The company's stock had a trading volume of 2,570,967 shares, compared to its average volume of 884,040. Booz Allen Hamilton has a 1-year low of $123.17 and a 1-year high of $190.59. The company has a 50-day simple moving average of $158.37 and a two-hundred day simple moving average of $155.44. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.62 and a beta of 0.52.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.59%. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.

Insider Buying and Selling

In other news, CFO Matthew Calderone sold 4,065 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company's stock, valued at $4,886,970. This represents a 12.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company's stock, valued at approximately $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. Insiders have sold 12,173 shares of company stock worth $1,989,220 in the last quarter. 1.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds have recently added to or reduced their stakes in the business. Milestone Resources Group Ltd acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $10,343,000. Franklin Resources Inc. raised its holdings in Booz Allen Hamilton by 9.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider's stock valued at $14,249,000 after acquiring an additional 7,271 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Booz Allen Hamilton by 17.7% during the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider's stock worth $2,143,000 after purchasing an additional 1,979 shares during the period. World Investment Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 26.1% during the third quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider's stock worth $1,094,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Anchor Investment Management LLC grew its position in shares of Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider's stock valued at $105,000 after purchasing an additional 580 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Company Profile

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.