Booz Allen Hamilton (NYSE:BAH) Trading Down 6.4% – What’s Next?

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price fell 6.4% during mid-day trading on Thursday . The company traded as low as $159.89 and last traded at $161.07. 956,864 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 728,000 shares. The stock had previously closed at $172.00.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BAH. Barclays raised their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Truist Financial lifted their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Price Performance

The company has a 50 day moving average price of $165.64 and a 200-day moving average price of $156.96. The company has a market cap of $19.09 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.06 and a beta of 0.58. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton 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 transaction of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in shares of Booz Allen Hamilton by 29.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,994 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 688 shares during the period. Avantax Advisory Services Inc. lifted its stake in Booz Allen Hamilton by 5.6% in the first quarter. Avantax Advisory Services Inc. now owns 4,081 shares of the business services provider’s stock valued at $606,000 after buying an additional 216 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $439,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Booz Allen Hamilton by 17.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,575 shares of the business services provider’s stock worth $10,328,000 after buying an additional 10,206 shares during the period. Finally, Twin Tree Management LP bought a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at $218,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.