Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $142.00 at Barclays

Booz Allen Hamilton (NYSE:BAH) had its price objective trimmed by Barclays from $153.00 to $142.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

A number of other research analysts have also recently weighed in on BAH. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an equal weight rating to an overweight rating and dropped their target price for the company from $168.00 to $165.00 in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a neutral rating in a research note on Wednesday, July 10th. Truist Financial dropped their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a hold rating on the stock in a research note on Monday, July 29th. Finally, Stifel Nicolaus upped their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $156.56.

Booz Allen Hamilton Stock Up 0.7 %

BAH opened at $143.98 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton has a twelve month low of $106.90 and a twelve month high of $164.43. The company’s 50-day moving average price is $153.20 and its two-hundred day moving average price is $147.88.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, equities analysts expect that Booz Allen Hamilton will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 1,006 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the sale, the executive vice president now owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Richard Crowe sold 1,006 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the sale, the executive vice president now owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Penfield sold 18,522 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the completion of the transaction, the executive vice president now directly owns 33,788 shares in the company, valued at approximately $5,194,229.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,255 shares of company stock valued at $8,970,026. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter worth $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $29,000. Banque Cantonale Vaudoise grew its holdings in shares of Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $34,000. Finally, MCF Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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.