Booz Allen Hamilton Holding Co. (BAH) Rating Reiterated by Vertical Group
Booz Allen Hamilton Holding Co. (NYSE:BAH)‘s stock had its “buy” rating reiterated by equities research analysts at Vertical Group in a research report issued to clients and investors on Friday. They currently have a $42.00 target price on the stock. Vertical Group’s price objective would indicate a potential upside of 12.51% from the company’s previous close.
BAH has been the subject of a number of other research reports. Vertical Research began coverage on Booz Allen Hamilton Holding in a research report on Thursday, March 16th. They set a “buy” rating and a $42.00 price objective for the company. Jefferies Group LLC set a $41.00 price objective on Booz Allen Hamilton Holding and gave the company a “buy” rating in a research report on Thursday, March 16th. Drexel Hamilton reiterated a “buy” rating and set a $44.00 price objective (up previously from $37.00) on shares of Booz Allen Hamilton Holding in a research report on Friday, December 30th. Barclays PLC reiterated a “buy” rating and set a $38.00 price objective on shares of Booz Allen Hamilton Holding in a research report on Friday, January 20th. Finally, Bank of America Corp upgraded Booz Allen Hamilton Holding from a “neutral” rating to a “buy” rating in a research report on Friday, November 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.57.
Shares of Booz Allen Hamilton Holding (NYSE:BAH) opened at 37.33 on Friday. The stock’s 50 day moving average price is $35.48 and its 200-day moving average price is $34.02. The company has a market cap of $5.60 billion, a P/E ratio of 22.49 and a beta of 1.13. Booz Allen Hamilton Holding has a 12 month low of $27.02 and a 12 month high of $38.54.
Booz Allen Hamilton Holding (NYSE:BAH) last announced its quarterly earnings results on Monday, January 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. Booz Allen Hamilton Holding had a net margin of 4.46% and a return on equity of 52.41%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Equities research analysts expect that Booz Allen Hamilton Holding will post $1.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, February 8th. This is a boost from Booz Allen Hamilton Holding’s previous quarterly dividend of $0.15. Booz Allen Hamilton Holding’s dividend payout ratio is 40.96%.
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In related news, Director Philip A. Odeen sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $34.06, for a total transaction of $340,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.76% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado boosted its stake in Booz Allen Hamilton Holding by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,660 shares of the company’s stock worth $116,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Booz Allen Hamilton Holding by 0.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,008 shares of the company’s stock worth $158,000 after buying an additional 42 shares during the period. MAI Capital Management bought a new stake in shares of Booz Allen Hamilton Holding during the third quarter worth approximately $213,000. GAM Holding AG boosted its stake in shares of Booz Allen Hamilton Holding by 35.0% in the third quarter. GAM Holding AG now owns 6,950 shares of the company’s stock worth $220,000 after buying an additional 1,800 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Booz Allen Hamilton Holding during the fourth quarter worth approximately $230,000. Institutional investors own 93.23% of the company’s stock.
About Booz Allen Hamilton Holding
Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.
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