Booz Allen Hamilton Holding Co. (BAH) To Go Ex-Dividend on June 13th

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Friday, May 24th, NASDAQ reports. Shareholders of record on Thursday, June 13th will be given a dividend of 0.51 per share by the business services provider on Friday, June 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, June 13th.

Booz Allen Hamilton has increased its dividend payment by an average of 14.9% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Booz Allen Hamilton has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton to earn $6.70 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 30.4%.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $0.49 during mid-day trading on Tuesday, hitting $151.35. 35,604 shares of the company were exchanged, compared to its average volume of 653,407. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $19.57 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.80 and a beta of 0.57. Booz Allen Hamilton has a 1-year low of $103.38 and a 1-year high of $164.43. The business has a fifty day moving average of $149.09 and a 200 day moving average of $141.12.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that Booz Allen Hamilton will post 6.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research report on Wednesday, May 29th. TD Cowen upped their price objective on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Truist Financial lifted their target price on Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, May 28th. Jefferies Financial Group lifted their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Stifel Nicolaus lifted their target price on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $159.78.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the sale, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 180 shares of Booz Allen Hamilton stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,755 shares of company stock valued at $9,189,791. 1.76% of the stock is owned by corporate insiders.

About Booz Allen Hamilton

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.