StockNews.com Upgrades Booz Allen Hamilton (NYSE:BAH) to “Hold”

StockNews.com upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

A number of other brokerages also recently issued reports on BAH. 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. Wells Fargo & Company increased their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Barclays increased their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $180.00.

Booz Allen Hamilton Trading Down 0.2 %

BAH opened at $181.28 on Wednesday. Booz Allen Hamilton has a fifty-two week low of $122.59 and a fifty-two week high of $189.13. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.55. The company’s 50-day moving average is $161.91 and its 200 day moving average is $154.79. The firm has a market capitalization of $23.16 billion, a PE ratio of 28.46, a P/E/G ratio of 2.51 and a beta of 0.59.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 4,243 shares of the firm’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 transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the 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 sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Booz Allen Hamilton by 87.2% during the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after buying an additional 293 shares in the last quarter. Atria Investments Inc raised its position in shares of Booz Allen Hamilton by 2.1% during the 3rd quarter. Atria Investments Inc now owns 21,213 shares of the business services provider’s stock valued at $3,453,000 after buying an additional 446 shares in the last quarter. Bridges Investment Management Inc. raised its position in shares of Booz Allen Hamilton by 1.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 98,731 shares of the business services provider’s stock valued at $16,069,000 after buying an additional 1,229 shares in the last quarter. Equitable Trust Co. raised its position in shares of Booz Allen Hamilton by 43.1% during the 3rd quarter. Equitable Trust Co. now owns 6,083 shares of the business services provider’s stock valued at $990,000 after buying an additional 1,833 shares in the last quarter. Finally, AIA Group Ltd raised its position in shares of Booz Allen Hamilton by 0.9% during the 3rd quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock valued at $1,888,000 after buying an additional 100 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.