Weik Capital Management Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Weik Capital Management bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,284 shares of the business services provider’s stock, valued at approximately $809,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its position in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. R Squared Ltd purchased a new stake in Booz Allen Hamilton during the 4th quarter worth about $31,000. Finally, SRS Capital Advisors Inc. raised its stake in Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Down 0.5 %

Shares of BAH stock opened at $105.80 on Friday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The firm’s 50 day moving average price is $118.98 and its two-hundred day moving average price is $140.72. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. 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 announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping 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, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BAH. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. TD Cowen dropped their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton 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.