Booz Allen Hamilton Holding Co. (NYSE:BAH) Director Sells $149,185.71 in Stock

Booz Allen Hamilton Holding Co. (NYSE:BAH) Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Booz Allen Hamilton Price Performance

BAH stock opened at $145.36 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43. The firm has a market cap of $18.80 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The stock has a 50-day simple moving average of $152.28 and a 200-day simple moving average of $148.51.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Booz Allen Hamilton’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. On average, equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after buying an additional 22,708 shares during the last quarter. AGF Management Ltd. lifted its holdings in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares during the last quarter. American Century Companies Inc. lifted its holdings in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after buying an additional 96,553 shares during the last quarter. Finally, Norges Bank bought a new position in Booz Allen Hamilton during the 4th quarter worth approximately $188,129,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BAH shares. JPMorgan Chase & Co. upped their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Truist Financial dropped their price target on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. Jefferies Financial Group upped their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.56.

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