Booz Allen Hamilton (NYSE:BAH) Reaches New 1-Year High – Still a Buy?

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) reached a new 52-week high on Thursday . The company traded as high as $164.58 and last traded at $164.08, with a volume of 35947 shares trading hands. The stock had previously closed at $164.13.

Analysts Set New Price Targets

A number of research firms recently weighed in on BAH. Truist Financial raised their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. StockNews.com raised Booz Allen Hamilton from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.75.

Booz Allen Hamilton Trading Down 0.3 %

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50 day moving average of $156.16 and a 200 day moving average of $152.52. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. As a group, research analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a yield of 1.25%. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton 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 transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton 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 transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

A number of institutional investors have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Booz Allen Hamilton by 1.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 125,867 shares of the business services provider’s stock valued at $20,486,000 after purchasing an additional 1,734 shares in the last quarter. Twelve Points Wealth Management LLC lifted its holdings in shares of Booz Allen Hamilton by 6.5% in the third quarter. Twelve Points Wealth Management LLC now owns 6,958 shares of the business services provider’s stock valued at $1,132,000 after purchasing an additional 427 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Booz Allen Hamilton by 14.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,310 shares of the business services provider’s stock valued at $2,655,000 after purchasing an additional 2,043 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Booz Allen Hamilton by 1.6% in the third quarter. Sumitomo Life Insurance Co. now owns 22,514 shares of the business services provider’s stock valued at $3,664,000 after purchasing an additional 359 shares in the last quarter. Finally, Cabot Wealth Management Inc. lifted its holdings in shares of Booz Allen Hamilton by 126.5% in the third quarter. Cabot Wealth Management Inc. now owns 22,254 shares of the business services provider’s stock valued at $3,622,000 after purchasing an additional 12,431 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

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.