TD Cowen Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH - Free Report) had its target price trimmed by TD Cowen from $200.00 to $155.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the business services provider's stock.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group lowered their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Truist Financial dropped their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a "neutral" rating and a $159.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $161.78.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded up $0.53 during trading on Wednesday, hitting $129.77. 1,623,511 shares of the company's stock traded hands, compared to its average volume of 1,689,742. Booz Allen Hamilton has a twelve month low of $125.42 and a twelve month high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The firm's fifty day moving average price is $147.82 and its 200 day moving average price is $153.23. The company has a market cap of $16.58 billion, a PE ratio of 20.37, a PEG ratio of 1.62 and a beta of 0.55.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the business's 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 completion of the transaction, the executive vice president now owns 25,496 shares of the company's stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Calderone sold 4,065 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 transaction of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.59% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BAH. Geode Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock worth $381,898,000 after purchasing an additional 58,038 shares during the period. AGF Management Ltd. grew its position in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock valued at $269,419,000 after buying an additional 679,280 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Booz Allen Hamilton by 6.1% in the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider's stock valued at $257,469,000 after buying an additional 96,553 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock worth $209,651,000 after acquiring an additional 285,621 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Booz Allen Hamilton by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider's stock worth $157,184,000 after acquiring an additional 93,544 shares during the period. Institutional investors own 91.82% of the company's stock.

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.