Legacy Capital Wealth Partners LLC Invests $250,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Legacy Capital Wealth Partners LLC bought a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,533 shares of the business services provider’s stock, valued at approximately $250,000.

Several other hedge funds have also added to or reduced their stakes in the company. Forsta AP Fonden lifted its holdings in shares of Booz Allen Hamilton by 9.7% during the first quarter. Forsta AP Fonden now owns 28,300 shares of the business services provider’s stock worth $4,201,000 after buying an additional 2,500 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Booz Allen Hamilton in the 1st quarter worth about $218,000. Sei Investments Co. boosted its holdings in Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after purchasing an additional 54,180 shares during the period. Headlands Technologies LLC acquired a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $89,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Booz Allen Hamilton by 29.8% during the first quarter. QRG Capital Management Inc. now owns 2,994 shares of the business services provider’s stock worth $444,000 after purchasing an additional 688 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of the business’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 in the company, valued at $5,389,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Trading Down 0.1 %

BAH opened at $183.40 on Tuesday. The company’s 50 day moving average is $164.92 and its 200-day moving average is $156.61. The company has a market cap of $23.43 billion, a P/E ratio of 28.79, a PEG ratio of 2.52 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.11%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BAH shares. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Truist Financial upped their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. Finally, TD Cowen cut their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $180.63.

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.