Booz Allen Hamilton (NYSE:BAH) Sets New 1-Year Low - Here's What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $104.05 and last traded at $107.28, with a volume of 586176 shares. The stock had previously closed at $111.04.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BAH shares. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. cut their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Monday, February 3rd. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of "Hold" and a consensus target price of $158.27.

Booz Allen Hamilton Trading Up 4.0 %

The stock's 50-day simple moving average is $126.26 and its 200-day simple moving average is $145.91. 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 firm has a market capitalization of $13.93 billion, a PE ratio of 16.40, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly 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 net margin of 7.39% and a return on equity of 68.97%. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. Booz Allen Hamilton's payout ratio is currently 32.79%.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton during the 3rd quarter valued at about $31,000. Bogart Wealth LLC increased its stake in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

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.