Booz Allen Hamilton (NYSE:BAH) Sets New 52-Week Low - Here's What Happened

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

Wall Street Analysts Forecast Growth

BAH has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Booz Allen Hamilton in a research report on Friday, February 7th. They issued an "overweight" rating and a $160.00 target price for the company. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group lowered 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 report on Monday, November 4th. 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. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.91.

Booz Allen Hamilton Stock Down 0.2 %

The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $14.90 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. The business's 50 day simple moving average is $131.60 and its 200 day simple moving average is $148.79.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, 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 declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton's dividend payout ratio is 30.40%.

Hedge Funds Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. bought a new position in Booz Allen Hamilton during the third quarter valued at approximately $31,000. Bogart Wealth LLC grew its holdings in 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 during the last quarter. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. 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.