Booz Allen Hamilton (NYSE:BAH) Rating Lowered to Hold at StockNews.com

Booz Allen Hamilton (NYSE:BAH) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other brokerages have also recently commented on BAH. The Goldman Sachs Group raised their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. UBS Group began coverage on shares of Booz Allen Hamilton in a research report on Monday. They issued a “neutral” rating and a $159.00 price target on the stock. Finally, JPMorgan Chase & Co. cut 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 research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $171.67.

Booz Allen Hamilton Stock Down 1.2 %

Shares of NYSE:BAH traded down $1.77 during midday trading on Thursday, hitting $142.70. The stock had a trading volume of 1,664,146 shares, compared to its average volume of 843,213. The business’s 50-day simple moving average is $162.72 and its 200-day simple moving average is $156.48. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59. The company has a market cap of $18.23 billion, a P/E ratio of 22.40, a PEG ratio of 1.75 and a beta of 0.52. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Insider Activity

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s 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 directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton in the 2nd quarter worth approximately $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $29,000. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Booz Allen Hamilton during the 3rd quarter valued at $45,000. 91.82% of the stock is owned by hedge funds and other 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.