Booz Allen Hamilton (NYSE:BAH) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a report published on Thursday morning.

Several other brokerages have also weighed in on BAH. The Goldman Sachs Group increased their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday. They issued a “neutral” rating and a $159.00 price objective on the stock. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Barclays increased their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Price Performance

BAH stock opened at $142.70 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50 day simple moving average of $162.72 and a 200-day simple moving average of $156.48. The firm has a market capitalization of $18.23 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. Booz Allen Hamilton has a 1 year low of $123.17 and a 1 year high of $190.59.

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 given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.43%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity

In related 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 transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 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 $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in Booz Allen Hamilton by 9.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider’s stock worth $14,249,000 after acquiring an additional 7,271 shares during the period. Tidal Investments LLC grew its stake in Booz Allen Hamilton by 17.7% in the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock worth $2,143,000 after acquiring an additional 1,979 shares during the period. World Investment Advisors LLC grew its stake in Booz Allen Hamilton by 26.1% in the 3rd quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 1,390 shares during the period. Anchor Investment Management LLC grew its stake in Booz Allen Hamilton by 865.7% in the 3rd quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock worth $105,000 after acquiring an additional 580 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in Booz Allen Hamilton by 41.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock worth $221,000 after acquiring an additional 400 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.