Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 461,517 shares of the business services provider’s stock after acquiring an additional 3,435 shares during the period. GW&K Investment Management LLC owned about 0.36% of Booz Allen Hamilton worth $59,397,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton during the third quarter worth $31,000. Bogart Wealth LLC increased its position in shares of Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 155 shares in the last quarter. R Squared Ltd purchased a new position in shares of Booz Allen Hamilton in the fourth quarter valued at $31,000. Roxbury Financial LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $35,000. Finally, Berbice Capital Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH stock opened at $110.92 on Friday. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. The stock’s fifty day simple moving average is $128.17 and its 200-day simple moving average is $147.07. Booz Allen Hamilton Holding Co. has a 52-week low of $106.69 and a 52-week high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate 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 expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BAH. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $158.27.

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.