Booz Allen Hamilton (NYSE:BAH) Upgraded by Cantor Fitzgerald to Strong-Buy Rating

Cantor Fitzgerald upgraded shares of Booz Allen Hamilton (NYSE:BAH) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial lowered their price objective on shares of 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. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. Finally, UBS Group started coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $158.91.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $114.72 on Tuesday. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.25 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50-day simple moving average of $128.57 and a 200 day simple moving average of $147.30. Booz Allen Hamilton has a 52 week low of $106.69 and a 52 week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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 68.97%. On average, sell-side analysts predict that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cumberland Partners Ltd increased its position in Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after acquiring an additional 47,655 shares during the period. Van ECK Associates Corp boosted its stake in shares of 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 during the last quarter. Empirical Asset Management LLC bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $1,900,000. Alberta Investment Management Corp bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $3,784,000. Finally, Blue Trust Inc. boosted its stake in shares of Booz Allen Hamilton by 133.8% in the 4th quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider’s stock valued at $845,000 after purchasing an additional 3,758 shares during the last quarter. 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.