Booz Allen Hamilton Holding Co. (BAH) to Issue Quarterly Dividend of $0.51 on December 4th

Booz Allen Hamilton Holding Co. (NYSE:BAH) declared a quarterly dividend on Friday, October 25th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.51 per share by the business services provider on Wednesday, December 4th. This represents a $2.04 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, November 15th.

Booz Allen Hamilton has raised its dividend by an average of 14.9% annually over the last three years and has raised its dividend every year for the last 13 years. Booz Allen Hamilton has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.89 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 29.6%.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded down $3.51 on Wednesday, hitting $177.94. 179,203 shares of the company were exchanged, compared to its average volume of 717,443. The company’s 50 day moving average price is $165.42 and its two-hundred day moving average price is $156.86. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton has a one year low of $123.17 and a one year high of $190.59. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.20 and a beta of 0.58.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The stock was 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated 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 owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BAH shares. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Truist Financial raised their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. Barclays lifted their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.63.

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.