Truist Financial Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH - Free Report) had its target price cut by Truist Financial from $185.00 to $155.00 in a research note released on Friday morning,Benzinga reports. They currently have a hold rating on the business services provider's stock.

A number of other research firms have also recently commented on BAH. TD Cowen decreased their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, July 29th. The Goldman Sachs Group lifted their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their price target on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut 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 analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $176.88.

Booz Allen Hamilton Trading Down 0.4 %

Booz Allen Hamilton stock traded down $0.66 during midday trading on Friday, hitting $149.22. 2,296,579 shares of the stock were exchanged, compared to its average volume of 2,178,476. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.80 and a beta of 0.58. The stock's 50-day simple moving average is $164.73 and its 200 day simple moving average is $156.82. Booz Allen Hamilton has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Matthew Calderone sold 3,865 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company's stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares of the company's stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last ninety days. Company insiders own 1.59% of the company's stock.

Institutional Trading of Booz Allen Hamilton

Hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Booz Allen Hamilton during the 2nd quarter worth about $26,000. Peterson Financial Group Inc. purchased a new stake in Booz Allen Hamilton during the third quarter worth approximately $31,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $29,000. Innealta Capital LLC purchased a new position in Booz Allen Hamilton in the second quarter valued at approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton during the third quarter worth approximately $45,000. 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.