Booz Allen Hamilton Holding Co. (NYSE:BAH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Booz Allen Hamilton Holding Co. (NYSE:BAH) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $159.78.

Several brokerages have issued reports on BAH. TD Cowen upped their target price on Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company upped their price objective on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Barclays upped their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group lifted their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the transaction, the executive vice president now directly owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Horacio Rozanski sold 34,571 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now directly owns 579,025 shares in the company, valued at $89,256,703.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 180 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $27,747.00. Following the completion of the transaction, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,255 shares of company stock worth $8,970,026. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently modified their holdings of BAH. Price T Rowe Associates Inc. MD grew its stake in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares during the last quarter. Morgan Stanley grew its stake in shares of Booz Allen Hamilton by 4.2% in the third quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock worth $538,108,000 after acquiring an additional 199,449 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Booz Allen Hamilton by 19.3% during the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock valued at $497,084,000 after acquiring an additional 736,404 shares in the last quarter. WCM Investment Management LLC raised its position in shares of Booz Allen Hamilton by 0.5% in the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after purchasing an additional 22,708 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Booz Allen Hamilton by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock worth $324,341,000 after purchasing an additional 686,318 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

BAH stock opened at $150.93 on Thursday. The firm has a 50 day simple moving average of $152.01 and a two-hundred day simple moving average of $143.93. The stock has a market cap of $19.52 billion, a PE ratio of 32.81, a P/E/G ratio of 1.83 and a beta of 0.57. Booz Allen Hamilton has a one year low of $106.90 and a one year high of $164.43. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that Booz Allen Hamilton will post 6.04 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.