Booz Allen Hamilton (NYSE:BAH) Stock Price Down 5.2% – Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares dropped 5.2% on Wednesday . The company traded as low as $134.31 and last traded at $134.37. Approximately 1,556,414 shares traded hands during trading, an increase of 81% from the average daily volume of 858,185 shares. The stock had previously closed at $141.78.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Barclays upped their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Truist Financial reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $171.67.

Booz Allen Hamilton Trading Down 4.8 %

The firm has a market cap of $17.25 billion, a P/E ratio of 22.26, a P/E/G ratio of 1.75 and a beta of 0.52. The stock has a 50 day simple moving average of $161.52 and a 200-day simple moving average of $156.27. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction 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 sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The trade was a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last 90 days. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after purchasing an additional 58,038 shares during the period. AGF Management Ltd. grew its stake in shares of Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Booz Allen Hamilton by 6.1% in the second 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 period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after acquiring an additional 285,621 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Booz Allen Hamilton by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock valued at $157,184,000 after acquiring an additional 93,544 shares during the period. Institutional investors own 91.82% of the company’s stock.

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.