Booz Allen Hamilton (NYSE:BAH) Shares Gap Down - Here's What Happened

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $108.81, but opened at $105.16. Booz Allen Hamilton shares last traded at $106.24, with a volume of 342,731 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on BAH shares. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday. Finally, TD Cowen dropped their price objective 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Performance

The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $13.98 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company's 50 day moving average price is $111.58 and its 200-day moving average price is $135.70.

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Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its 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 return on equity of 68.97% and a net margin of 7.39%. Equities research 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 32.79%.

Institutional Trading of Booz Allen Hamilton

Institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Booz Allen Hamilton during the 4th quarter valued at $196,578,000. Raymond James Financial Inc. bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $173,055,000. Janus Henderson Group PLC raised its stake in shares of Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 1,135,426 shares during the period. Man Group plc lifted its holdings in Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after purchasing an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.