Shares of Booz Allen Hamilton Holding Co. (NYSE: BAH – Get a rating) received a consensus “moderate buy” recommendation from the eleven analysts who currently cover the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $97.10.
A number of stock analysts have recently commented on BAH shares. Raymond James raised his price target on Booz Allen Hamilton shares from $90.00 to $96.00 in a Wednesday, May 25 research note. Cowen lowered his price target on Booz Allen Hamilton from $109.00 to $103.00 in a Tuesday, June 14 research note. Morgan Stanley raised its price target on Booz Allen Hamilton shares from $94.00 to $100.00 and gave the company an “overweight” rating in a Monday, June 6 research note. Goldman Sachs Group upgraded Booz Allen Hamilton shares from a “neutral” rating to a “buy” rating and raised its price target for the company from $83.00 to $102.00 in a report from the Wednesday, April 13. Finally, Barclays downgraded Booz Allen Hamilton from an “overweight” rating to an “equal weight” rating and set a target price of $95.00 for the stock. in a research report on Tuesday, June 7.
Booz Allen Hamilton down 1.0%
Shares of BAH Stock opened at $94.21 on Thursday. The company has a debt ratio of 2.61, a current ratio of 1.59 and a quick ratio of 1.59. Booz Allen Hamilton has a 1 year low of $69.68 and a 1 year high of $95.40. The stock has a market capitalization of $12.46 billion, a price/earnings ratio of 27.39, a PEG ratio of 2.77 and a beta of 0.64. The company’s fifty-day simple moving average is $87.89 and its two-hundred-day simple moving average is $84.80.
Booz Allen Hamilton (NYSE: BAH – Get a rating) last released its quarterly earnings data on Friday, May 20. The business services provider reported earnings per share of $0.86 for the quarter, beating the consensus estimate of $0.83 by $0.03. Booz Allen Hamilton had a return on equity of 54.20% and a net margin of 5.58%. The company posted revenue of $2.24 billion for the quarter, versus $2.21 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.89. The company’s revenue increased 13.1% year over year. As a group, analysts expect Booz Allen Hamilton to post earnings per share of 4.35 for the current year.
Booz Allen Hamilton announces dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.43. The ex-dividend date was Tuesday, June 14. This represents an annualized dividend of $1.72 and a yield of 1.83%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 50.00%.
In related news, EVP Susan L. Penfield sold 12,209 shares of Booz Allen Hamilton in a trade on Monday, July 25. The shares were sold at an average price of $95.00, for a total value of $1,159,855.00. Following the transaction, the executive vice president now owns 9,969 shares of the company, valued at approximately $947,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, CFO Lloyd Howell, Jr. sold 8,129 shares of the company in a trade dated Thursday, June 30. The stock was sold at an average price of $90.00, for a total value of $731,610.00. Following the completion of the sale, the CFO now owns 182,500 shares of the company, valued at $16,425,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, Executive Vice President Susan L. Penfield sold 12,209 shares of the company in a transaction on Monday, July 25. The stock was sold at an average price of $95.00, for a total value of $1,159,855.00. Following the sale, the executive vice president now directly owns 9,969 shares of the company, valued at approximately $947,055. Disclosure of this sale can be found here. Insiders sold 272,586 shares of the company worth $24,106,503 during the last quarter. Company insiders hold 2.23% of the company’s shares.
Hedge funds weigh in on Booz Allen Hamilton
Major investors have recently changed their stakes in the company. Quent Capital LLC increased its stake in shares of Booz Allen Hamilton by 60.7% during the first quarter. Quent Capital LLC now owns 532 shares of the business services provider worth $47,000 after purchasing an additional 201 shares during the period. Capital Advisors Ltd. LLC increased its stake in Booz Allen Hamilton shares to 89.0% in Q1. Capital Advisors Ltd. LLC now owns 858 shares of the business services provider valued at $75,000 after buying an additional 404 shares in the last quarter. Covestor Ltd acquired a new position in Booz Allen Hamilton during the fourth quarter worth approximately $78,000. Carolinas Wealth Consulting LLC increased its stake in Booz Allen Hamilton shares by 25.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,000 shares of the business services provider worth $85,000 after buying an additional 200 shares in the last quarter. Finally, Money Concepts Capital Corp increased its position in Booz Allen Hamilton by 31.7% during the 2nd quarter. Money Concepts Capital Corp now owns 1,014 shares of the business services provider worth $94,000 after acquiring 244 more shares in the last quarter. 90.44% of the shares are currently held by institutional investors and hedge funds.
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, businesses, and nonprofit organizations in the United States and in the world. The company offers consulting solutions in various areas, business strategies, human capital and operations.
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