Booz Allen Hamilton (NYSE:BAH) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities analysts have also weighed in on BAH. BNP Paribas Exane began coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price for the company. Citigroup cut their price objective on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. The Goldman Sachs Group lowered their target price on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research note on Tuesday, July 14th. Cantor Fitzgerald reduced their price target on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Truist Financial lowered their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $83.69.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $77.22 on Friday. The stock has a 50-day simple moving average of $73.35 and a two-hundred day simple moving average of $74.75. The firm has a market capitalization of $9.29 billion, a P/E ratio of 12.14 and a beta of 0.36. Booz Allen Hamilton has a fifty-two week low of $59.50 and a fifty-two week high of $109.10. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, equities analysts forecast that Booz Allen Hamilton will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 37.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BAH. Security National Bank of SO Dak grew its position in shares of Booz Allen Hamilton by 0.8% in the second quarter. Security National Bank of SO Dak now owns 19,348 shares of the business services provider’s stock valued at $1,174,000 after purchasing an additional 158 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its stake in Booz Allen Hamilton by 39.4% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 29,185 shares of the business services provider’s stock worth $1,771,000 after purchasing an additional 8,245 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Booz Allen Hamilton by 8.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,003 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 295 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of Booz Allen Hamilton by 3,206.2% in the 2nd quarter. Engineers Gate Manager LP now owns 101,268 shares of the business services provider’s stock valued at $6,144,000 after buying an additional 98,205 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at approximately $368,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.