Booz Allen Hamilton Holding Co. (NYSE:BAH) Announces Dividend Increase – $0.55 Per Share

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.55 per share by the business services provider on Tuesday, March 4th. This represents a $2.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51.

Booz Allen Hamilton has raised its dividend payment by an average of 11.3% per year over the last three years and has raised its dividend every year for the last 12 years. Booz Allen Hamilton has a dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Booz Allen Hamilton to earn $6.94 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 29.4%.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $129.51 on Tuesday. The stock’s 50 day simple moving average is $135.43 and its two-hundred day simple moving average is $150.35. Booz Allen Hamilton has a fifty-two week low of $121.02 and a fifty-two week high of $190.59. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.53 and a beta of 0.55. 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 (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. As a group, analysts expect that Booz Allen Hamilton will post 6.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on BAH. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. The Goldman Sachs Group dropped their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial lowered their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average target price of $158.80.

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.