Norden Group LLC Raises Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Norden Group LLC grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 1,815.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,862 shares of the business services provider's stock after acquiring an additional 85,171 shares during the period. Norden Group LLC owned 0.07% of Booz Allen Hamilton worth $13,337,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its stake in Booz Allen Hamilton by 75.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider's stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Acadian Asset Management LLC bought a new position in Booz Allen Hamilton in the 3rd quarter worth about $31,000. Banque Cantonale Vaudoise lifted its position in shares of Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider's stock worth $31,000 after purchasing an additional 109 shares during the period. Smithfield Trust Co lifted its position in shares of Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider's stock worth $34,000 after purchasing an additional 121 shares during the period. Finally, MCF Advisors LLC lifted its position in shares of Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider's stock worth $34,000 after purchasing an additional 115 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BAH. Jefferies Financial Group upped their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, May 29th. Truist Financial upped their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a "hold" rating in a research report on Tuesday, May 28th. Barclays upped their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 29th. Wells Fargo & Company upped their price target on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 28th. Finally, TD Cowen upped their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and an average target price of $159.78.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 332 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the sale, the chief financial officer now owns 23,438 shares in the company, valued at $3,612,967.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Matthew Calderone sold 332 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the sale, the chief financial officer now owns 23,438 shares in the company, valued at $3,612,967.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 1,006 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now owns 29,739 shares in the company, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,255 shares of company stock worth $8,970,026. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded up $1.73 during mid-day trading on Thursday, reaching $154.51. 260,989 shares of the company traded hands, compared to its average volume of 662,115. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.90 and a fifty-two week high of $164.43. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 1.81 and a beta of 0.57. The firm's fifty day moving average is $152.54 and its two-hundred day moving average is $144.27.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the business posted $1.01 EPS. Booz Allen Hamilton's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.04 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. Booz Allen Hamilton's payout ratio is 44.35%.

Booz Allen Hamilton 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.