New Mexico Educational Retirement Board Makes New Investment in Booz Allen Hamilton Holding Corporation $BAH

New Mexico Educational Retirement Board acquired a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,800 shares of the business services provider’s stock, valued at approximately $2,092,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in Booz Allen Hamilton by 141.3% during the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after acquiring an additional 178 shares during the last quarter. Torren Management LLC bought a new stake in Booz Allen Hamilton during the 4th quarter worth about $26,000. Rakuten Securities Inc. grew its holdings in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $27,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Booz Allen Hamilton by 244.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent research reports. TD Cowen reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and issued a $83.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Wells Fargo & Company initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Reduce” and an average price target of $88.00.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH opened at $84.02 on Tuesday. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 4.50 and a beta of 0.32. The firm’s 50 day simple moving average is $78.89 and its 200 day simple moving average is $82.98. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $68.83 and a fifty-two week high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. Booz Allen Hamilton’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 34.25%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.