Avior Wealth Management LLC Sells 849 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Avior Wealth Management LLC lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 28.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,164 shares of the business services provider’s stock after selling 849 shares during the period. Avior Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BAH. Morgan Stanley lifted its stake in shares of Booz Allen Hamilton by 312.6% in the 4th quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider’s stock valued at $530,878,000 after acquiring an additional 3,848,242 shares during the last quarter. Norges Bank bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $159,500,000. WCM Investment Management LLC increased its holdings in Booz Allen Hamilton by 53.0% during the 1st quarter. WCM Investment Management LLC now owns 4,147,380 shares of the business services provider’s stock valued at $384,421,000 after purchasing an additional 1,435,898 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in Booz Allen Hamilton by 64.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock valued at $217,676,000 after purchasing an additional 778,437 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Booz Allen Hamilton by 19.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock valued at $497,084,000 after purchasing an additional 736,404 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Up 1.9 %

BAH stock opened at $142.14 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $89.80 and a twelve month high of $150.59. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The firm has a market cap of $18.44 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. The business has a 50 day moving average of $146.03 and a 200 day moving average of $134.02.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.39 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, February 9th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio (DPR) is 65.81%.

Insider Activity at Booz Allen Hamilton

In related news, COO Kristine Anderson sold 5,068 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $139.88, for a total transaction of $708,911.84. Following the completion of the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kristine Anderson sold 5,068 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the sale, the chief operating officer now owns 71,656 shares in the company, valued at $10,023,241.28. The disclosure for this sale can be found here. Insiders sold a total of 55,568 shares of company stock valued at $8,067,487 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of recent analyst reports. Truist Financial upped their price target on Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, January 29th. Wells Fargo & Company upped their price target on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group upped their price target on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Barclays lowered Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. upped their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.11.

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