TD Cowen Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its price objective trimmed by TD Cowen from $200.00 to $155.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other research firms have also commented on BAH. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. UBS Group started coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price on the stock. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, Truist Financial lowered their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $129.77 on Wednesday. Booz Allen Hamilton has a 1 year low of $125.42 and a 1 year high of $190.59. The company’s 50-day moving average is $147.82 and its two-hundred day moving average is $153.23. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market cap of $16.58 billion, a PE ratio of 20.37, a PEG ratio of 1.62 and a beta of 0.55.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the 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 completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on 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 owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BAH. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $31,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton in the third quarter valued at $45,000. Kennebec Savings Bank bought a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at about $60,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $83,000. Finally, Covestor Ltd raised its holdings in shares of Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 293 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.