TD Cowen upgraded shares of Booz Allen Hamilton (NYSE:BAH - Free Report) to a strong-buy rating in a research note released on Thursday,Zacks.com reports.
A number of other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of 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. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and raised their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Truist Financial lowered their price objective 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. Barclays increased their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus price target of $167.44.
Read Our Latest Research Report on BAH
Booz Allen Hamilton Price Performance
Shares of Booz Allen Hamilton stock traded up $2.53 on Thursday, reaching $131.19. The company's stock had a trading volume of 2,892,476 shares, compared to its average volume of 892,205. Booz Allen Hamilton has a 52-week low of $123.17 and a 52-week high of $190.59. The company has a market capitalization of $16.76 billion, a P/E ratio of 20.60, a PEG ratio of 1.62 and a beta of 0.52. 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 stock has a 50-day moving average price of $157.76 and a 200-day moving average price of $155.25.
Booz Allen Hamilton Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.55%. Booz Allen Hamilton's payout ratio is 32.03%.
Insider Activity 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 shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. The trade was a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.
Institutional Investors Weigh In On Booz Allen Hamilton
Institutional investors and hedge funds have recently made changes to their positions in the stock. AGF Management Ltd. boosted its position in 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 period. Westfield Capital Management Co. LP purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Booz Allen Hamilton by 28.5% in 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 purchasing an additional 285,621 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock worth $51,613,000 after purchasing an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider's stock valued at $71,619,000 after buying an additional 199,871 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.
About Booz Allen Hamilton
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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.
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