Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) PT at $156.56

Booz Allen Hamilton Holding Co. (NYSE:BAH) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $156.56.

Several research analysts recently weighed in on BAH shares. JPMorgan Chase & Co. boosted their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. Barclays cut their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a report on Monday, July 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st.

Booz Allen Hamilton Trading Up 0.3 %

Shares of BAH stock opened at $154.12 on Friday. Booz Allen Hamilton has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a current ratio of 1.55, a quick ratio of 1.62 and a debt-to-equity ratio of 3.07. The business’s 50 day moving average is $151.69 and its two-hundred day moving average is $149.29. The company has a market capitalization of $19.93 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Equities analysts forecast that Booz Allen Hamilton will post 5.97 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insider Activity

In related news, EVP Susan L. Penfield sold 18,522 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $153.73, for a total value of $2,847,387.06. Following the completion of the sale, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at $5,194,229.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, EVP Susan L. Penfield sold 18,522 shares of Booz Allen Hamilton stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $153.73, for a total value of $2,847,387.06. Following the completion of the transaction, the executive vice president now owns 33,788 shares of the company’s stock, valued at $5,194,229.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the sale, the executive vice president now owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,569 shares of company stock worth $3,149,445. 1.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its holdings in shares of Booz Allen Hamilton by 4.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares during the last quarter. X Square Capital LLC lifted its stake in Booz Allen Hamilton by 0.7% in the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 72 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Booz Allen Hamilton by 1.9% during the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 82 shares during the period. Gulf International Bank UK Ltd grew its position in shares of Booz Allen Hamilton by 0.8% during the first quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock worth $1,608,000 after acquiring an additional 85 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Booz Allen Hamilton by 2.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,975 shares of the business services provider’s stock worth $508,000 after acquiring an additional 86 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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