Booz Allen Hamilton (NYSE:BAH) EVP Joshua Petty Sells 1,500 Shares of Stock

Booz Allen Hamilton Holding Corporation (NYSE:BAH) EVP Joshua Petty sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.92, for a total transaction of $124,380.00. Following the sale, the executive vice president owned 8,538 shares in the company, valued at $707,970.96. This represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Booz Allen Hamilton Stock Up 4.9%

Shares of NYSE:BAH opened at $88.33 on Friday. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.59 and a current ratio of 1.43. The company has a market cap of $10.48 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.91 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $109.10. The firm has a 50 day simple moving average of $75.12 and a 200 day simple moving average of $76.71.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, October 23rd. The business services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.28. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the business posted $1.49 EPS. The company’s revenue was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. As a group, research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.61 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 12th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 36.65%.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds have recently modified their holdings of BAH. Covestor Ltd boosted its position in Booz Allen Hamilton by 131.7% during the third quarter. Covestor Ltd now owns 2,310 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 1,313 shares during the last quarter. Provenance Wealth Advisors LLC grew its stake in Booz Allen Hamilton by 2,586.7% in the third quarter. Provenance Wealth Advisors LLC now owns 403 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 388 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in Booz Allen Hamilton in the 3rd quarter worth about $416,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Booz Allen Hamilton in the 3rd quarter worth about $9,986,000. Finally, Ipsen Advisor Group LLC raised its stake in shares of Booz Allen Hamilton by 3.5% during the 3rd quarter. Ipsen Advisor Group LLC now owns 6,169 shares of the business services provider’s stock worth $428,000 after purchasing an additional 208 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BAH shares. Cantor Fitzgerald lowered their price target on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Bank of America restated an “underperform” rating on shares of Booz Allen Hamilton in a research report on Monday. Truist Financial raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $85.00 in a research note on Thursday, October 8th. The Goldman Sachs Group dropped their target price on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reduced their price target on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $89.29.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.

Its government-related work spans defense, national security, intelligence, civil government, and health markets.