Booz Allen Hamilton (NYSE:BAH) Hits New 52-Week Low - Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $120.92 and last traded at $121.90, with a volume of 1276629 shares traded. The stock had previously closed at $124.41.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BAH shares. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and upped their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. The Goldman Sachs Group reduced their price target 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. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. 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 note on Wednesday, January 8th. Finally, Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of "Moderate Buy" and an average price target of $158.91.

Booz Allen Hamilton Price Performance

The stock has a market capitalization of $15.09 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. The business's 50 day moving average price is $131.14 and its 200 day moving average price is $148.61. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.85%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.40%.

Institutional Trading of Booz Allen Hamilton

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth $196,578,000. Raymond James Financial Inc. bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $173,055,000. Janus Henderson Group PLC grew its holdings in shares of Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 1,135,426 shares in the last quarter. Man Group plc increased its position in Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after purchasing an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Booz Allen Hamilton by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after purchasing an additional 590,655 shares in the last quarter. 91.82% of the stock is currently owned by 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.