Booz Allen Hamilton (NYSE:BAH) Sees Strong Trading Volume - What's Next?

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) shares saw strong trading volume on Friday . 414,791 shares changed hands during trading, a decline of 44% from the previous session's volume of 742,412 shares.The stock last traded at $151.63 and had previously closed at $154.57.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BAH. Truist Financial raised their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Barclays upped their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $180.63.

Booz Allen Hamilton Price Performance

The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. The company has a 50-day moving average price of $165.64 and a 200-day moving average price of $156.96. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.37%. Booz Allen Hamilton's payout ratio is 32.03%.

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. AGF Management Ltd. boosted its holdings in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after buying an additional 679,280 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its stake 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 purchasing an additional 285,621 shares during the period. Captrust Financial Advisors lifted its holdings in Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider's stock worth $159,741,000 after purchasing an additional 244,391 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider's stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the period. Institutional investors and hedge funds 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.