Booz Allen Hamilton (NYSE:BAH) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a report published on Thursday morning.

A number of other brokerages have also recently commented on BAH. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. UBS Group started coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price on the stock. The Goldman Sachs Group increased their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Barclays increased their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Truist Financial cut their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $145.74 on Thursday. Booz Allen Hamilton has a one year low of $123.17 and a one year high of $190.59. The stock’s fifty day moving average is $162.39 and its 200 day moving average is $156.44. The stock has a market cap of $18.62 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.73 and a beta of 0.52. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity

In other news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was 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 trade represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock worth $1,989,220 over the last 90 days. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its position in Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after acquiring an additional 59 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Booz Allen Hamilton by 4.5% in the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares during the last quarter. X Square Capital LLC lifted its stake in Booz Allen Hamilton by 0.7% in the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after purchasing an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after purchasing an additional 79 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after purchasing an additional 82 shares during the last quarter. 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.