Booz Allen Hamilton Holding Co. (NYSE:BAH) Receives Average Recommendation of “Hold” from Analysts

Booz Allen Hamilton Holding Co. (NYSE:BAH) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $167.44.

A number of brokerages recently commented on BAH. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th.

Booz Allen Hamilton Stock Down 1.1 %

NYSE:BAH opened at $129.70 on Thursday. Booz Allen Hamilton has a 52 week low of $123.17 and a 52 week high of $190.59. The stock’s fifty day moving average is $155.88 and its two-hundred day moving average is $154.85. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $31,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $34,000. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at about $45,000. MCF Advisors LLC boosted its stake in shares of Booz Allen Hamilton by 56.2% during the second quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock worth $54,000 after buying an additional 127 shares during the period. Finally, Kennebec Savings Bank purchased a new position in shares of Booz Allen Hamilton during the third quarter worth about $60,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.