Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 796,615 shares of the business services provider’s stock after acquiring an additional 17,355 shares during the period. Bahl & Gaynor Inc.’s holdings in Booz Allen Hamilton were worth $102,524,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Alta Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 3.7% during the fourth quarter. Alta Capital Management LLC now owns 204,788 shares of the business services provider’s stock worth $26,356,000 after purchasing an additional 7,242 shares during the period. Steward Partners Investment Advisory LLC raised its position in Booz Allen Hamilton by 22.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,030 shares of the business services provider’s stock worth $647,000 after buying an additional 937 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter worth $2,003,000. Plato Investment Management Ltd purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $793,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $80,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Down 3.2 %

Shares of BAH opened at $102.65 on Tuesday. Booz Allen Hamilton Holding Co. has a 1-year low of $101.82 and a 1-year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50 day simple moving average of $127.31 and a 200-day simple moving average of $146.53. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.14%. Booz Allen Hamilton’s payout ratio is 32.79%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAH. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on 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. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Truist Financial decreased their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Finally, 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 report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and an average price target of $158.27.

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.