Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC grew its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 204.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,930 shares of the business services provider’s stock after buying an additional 9,358 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Booz Allen Hamilton were worth $1,793,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BAH. Raymond James Financial Inc. purchased a new position in Booz Allen Hamilton in the 4th quarter valued at approximately $173,055,000. Van ECK Associates Corp increased its stake in Booz Allen Hamilton by 51.7% in the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Booz Allen Hamilton in the 3rd quarter valued at approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Booz Allen Hamilton by 878.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 243,882 shares of the business services provider’s stock valued at $31,388,000 after purchasing an additional 218,949 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on BAH. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $115.18 on Tuesday. Booz Allen Hamilton Holding Co. has a 52 week low of $101.82 and a 52 week high of $190.59. The company has a market cap of $14.59 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The business has a fifty day simple moving average of $123.08 and a 200-day simple moving average of $143.26.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

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.