Booz Allen Hamilton (NYSE:BAH) Downgraded by StockNews.com

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

A number of other research analysts have also commented on the company. Jefferies Financial Group increased their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a buy rating in a report on Wednesday, May 29th. Barclays dropped their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an underweight rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a neutral rating in a report on Wednesday, July 10th. Truist Financial raised their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a hold rating in a research note on Thursday, September 5th. Finally, TD Cowen decreased their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating for the company in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of Hold and an average price target of $159.33.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $162.05 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $20.96 billion, a PE ratio of 35.23, a PEG ratio of 2.30 and a beta of 0.59. The firm’s 50 day moving average price is $152.43 and its 200 day moving average price is $151.12. Booz Allen Hamilton has a twelve month low of $108.64 and a twelve month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, research analysts expect that Booz Allen Hamilton will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BAH. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after purchasing an additional 18,815 shares during the period. Mediolanum International Funds Ltd acquired a new position in Booz Allen Hamilton during the first quarter worth $2,044,000. Cetera Investment Advisers lifted its holdings in shares of Booz Allen Hamilton by 142.5% during the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after acquiring an additional 16,815 shares during the period. Sei Investments Co. boosted its stake in shares of Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after purchasing an additional 54,180 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Booz Allen Hamilton by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock worth $22,266,000 after purchasing an additional 4,264 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.