Zacks Investment Research Lowers Booz Allen Hamilton (BAH) to Hold
Zacks Investment Research cut shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research report released on Thursday.
According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “
BAH has been the subject of a number of other reports. Stifel Nicolaus restated a buy rating and issued a $50.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 9th. ValuEngine downgraded Booz Allen Hamilton from a buy rating to a hold rating in a research note on Saturday, November 4th. Cowen restated a buy rating and issued a $50.00 price target (up from $41.00) on shares of Booz Allen Hamilton in a research note on Thursday, October 12th. Jefferies Group upgraded Booz Allen Hamilton from a hold rating to a buy rating in a research note on Tuesday, November 7th. Finally, Wells Fargo & Co raised their price target on Booz Allen Hamilton from $40.00 to $42.00 and gave the company an outperform rating in a research note on Wednesday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $41.32.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton had a return on equity of 50.81% and a net margin of 4.68%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. analysts anticipate that Booz Allen Hamilton will post 1.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.19 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, February 13th. Booz Allen Hamilton’s payout ratio is currently 35.60%.
In other news, insider Susan L. Penfield sold 30,022 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total transaction of $1,150,142.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lloyd Howell, Jr. sold 11,745 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $39.50, for a total value of $463,927.50. The disclosure for this sale can be found here. Insiders have sold a total of 182,135 shares of company stock valued at $7,226,660 over the last quarter. 3.04% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Booz Allen Hamilton by 13.1% during the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after acquiring an additional 405 shares during the period. Cerebellum GP LLC bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $126,000. American International Group Inc. bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $128,000. The Manufacturers Life Insurance Company boosted its stake in shares of Booz Allen Hamilton by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after acquiring an additional 347 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $206,000. Institutional investors own 92.70% of the company’s stock.
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About Booz Allen Hamilton
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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