Booz Allen Hamilton Holding Co. (NYSE:BAH) Short Interest Update

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,640,000 shares, an increase of 12.3% from the October 15th total of 1,460,000 shares. Based on an average daily trading volume, of 797,200 shares, the short-interest ratio is currently 2.1 days. Approximately 1.3% of the shares of the company are sold short.

Analysts Set New Price Targets

BAH has been the subject of a number of research analyst reports. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. The Goldman Sachs Group upped their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Truist Financial increased their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $8.90 during midday trading on Monday, hitting $140.49. 4,290,932 shares of the company’s stock were exchanged, compared to its average volume of 773,468. Booz Allen Hamilton has a twelve month low of $123.17 and a twelve month high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $17.95 billion, a P/E ratio of 22.06, a PEG ratio of 1.79 and a beta of 0.58. The stock’s 50 day moving average price is $165.64 and its 200-day moving average price is $157.10.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 in the last three months. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after purchasing an additional 16,815 shares during the period. Cumberland Partners Ltd boosted its stake in Booz Allen Hamilton by 39.5% during the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after buying an additional 14,620 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Booz Allen Hamilton during the first quarter valued at about $955,000. Natixis acquired a new position in Booz Allen Hamilton during the first quarter worth about $893,000. Finally, Covestor Ltd raised its position in Booz Allen Hamilton by 150.8% in the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock worth $46,000 after acquiring an additional 184 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

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.