TD Cowen Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $155.00

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by TD Cowen from $200.00 to $155.00 in a report published on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

Several other equities analysts have also recently issued reports on BAH. Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a research report on Monday, January 6th. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $161.78.

Booz Allen Hamilton Stock Up 2.1 %

NYSE:BAH opened at $132.76 on Wednesday. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.62 and a beta of 0.55. 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 stock’s fifty day moving average price is $145.71 and its two-hundred day moving average price is $152.91. Booz Allen Hamilton has a 52-week low of $125.58 and a 52-week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 4,065 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. This trade represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the third quarter worth about $31,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $45,000. Kennebec Savings Bank acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $60,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Booz Allen Hamilton in the second quarter worth $83,000. Finally, Covestor Ltd boosted its holdings in Booz Allen Hamilton by 87.2% during the third quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds 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.