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

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $104.05 and last traded at $107.28, with a volume of 586176 shares. The stock had previously closed at $111.04.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BAH shares. The Goldman Sachs Group reduced their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. William Blair downgraded Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their price target for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $158.27.

Booz Allen Hamilton Stock Up 2.8 %

The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50-day moving average of $126.74 and a two-hundred day moving average of $146.21. The company has a market capitalization of $13.37 billion, a PE ratio of 15.74, a P/E/G ratio of 1.25 and a beta of 0.55.

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 EPS 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 anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 2.08%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 32.79%.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of institutional investors and hedge funds have recently bought and sold shares of BAH. Farther Finance Advisors LLC increased its holdings in shares of Booz Allen Hamilton by 22.9% in the third quarter. Farther Finance Advisors LLC now owns 865 shares of the business services provider's stock worth $141,000 after purchasing an additional 161 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Booz Allen Hamilton by 80.0% in the third quarter. Harbor Capital Advisors Inc. now owns 16,411 shares of the business services provider's stock worth $2,671,000 after purchasing an additional 7,292 shares during the last quarter. Van ECK Associates Corp increased its stake in Booz Allen Hamilton by 34.8% during the third quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider's stock worth $102,437,000 after acquiring an additional 162,083 shares during the last quarter. National Pension Service increased its stake in Booz Allen Hamilton by 3.7% during the third quarter. National Pension Service now owns 204,866 shares of the business services provider's stock worth $33,344,000 after acquiring an additional 7,222 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Booz Allen Hamilton by 12.4% during the third quarter. QRG Capital Management Inc. now owns 3,498 shares of the business services provider's stock worth $569,000 after acquiring an additional 387 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

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.