Booz Allen Hamilton (NYSE:BAH) Hits New 12-Month Low – What’s Next?

Booz Allen Hamilton Holding Corporation (NYSE:BAH)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $71.69 and last traded at $72.0670, with a volume of 243893 shares. The stock had previously closed at $75.43.

Analyst Ratings Changes

A number of research analysts recently commented on BAH shares. William Blair reissued an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective on the stock. Stifel Nicolaus boosted their target price on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Finally, UBS Group reissued a “neutral” rating and set a $97.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $93.33.

Booz Allen Hamilton Stock Down 6.8%

The stock has a market cap of $8.48 billion, a P/E ratio of 10.41, a P/E/G ratio of 4.33 and a beta of 0.32. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The company has a 50-day simple moving average of $79.16 and a two-hundred day simple moving average of $83.94.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Booz Allen Hamilton by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock valued at $1,176,522,000 after acquiring an additional 227,141 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Booz Allen Hamilton by 36.0% in the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after purchasing an additional 1,285,475 shares during the last quarter. Primecap Management Co. CA increased its holdings in Booz Allen Hamilton by 135.2% during the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock valued at $393,649,000 after purchasing an additional 2,682,460 shares during the period. Finally, State Street Corp raised its position in Booz Allen Hamilton by 53.2% during the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock valued at $371,428,000 after purchasing an additional 1,528,739 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.