Truist Financial Has Lowered Expectations for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by Truist Financial from $185.00 to $155.00 in a report published on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $176.88.

Booz Allen Hamilton Trading Down 1.2 %

Shares of Booz Allen Hamilton stock opened at $147.46 on Friday. Booz Allen Hamilton has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.79 and a beta of 0.58. The stock has a 50 day moving average of $164.73 and a 200 day moving average of $156.90.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 over the last 90 days. 1.59% of the stock is owned by corporate insiders.

Institutional Trading of Booz Allen Hamilton

Several institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at about $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $29,000. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $31,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton in the 3rd quarter valued at $45,000. Hedge funds and other 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.