Rep. Rick Larsen Sells Booz Allen Hamilton Holding Co. (NYSE:BAH) Stock

Representative Rick Larsen (D-Washington) recently sold shares of Booz Allen Hamilton Holding Co. (NYSE:BAH). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Booz Allen Hamilton stock on January 7th.

Representative Rick Larsen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cintas (NASDAQ:CTAS) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of Comcast (NASDAQ:CMCSA) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Verisk Analytics (NASDAQ:VRSK) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 1/7/2025.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $136.34 on Thursday. Booz Allen Hamilton Holding Co. has a 1 year low of $125.88 and a 1 year high of $190.59. The stock has a market capitalization of $17.42 billion, a PE ratio of 21.40, a PEG 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 has a 50-day simple moving average of $141.93 and a 200-day simple moving average of $152.29.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.50%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This represents a 12.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the 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 completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BAH shares. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.78.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its holdings in shares of Booz Allen Hamilton by 30.6% in the 2nd quarter. Private Advisor Group LLC now owns 7,598 shares of the business services provider’s stock valued at $1,169,000 after buying an additional 1,782 shares during the period. Dai ichi Life Insurance Company Ltd lifted its holdings in Booz Allen Hamilton by 10.3% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 19,917 shares of the business services provider’s stock valued at $3,065,000 after acquiring an additional 1,863 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth $604,000. Oppenheimer Asset Management Inc. grew its stake in shares of Booz Allen Hamilton by 11.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,138 shares of the business services provider’s stock worth $3,561,000 after purchasing an additional 2,396 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Booz Allen Hamilton by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock valued at $145,779,000 after purchasing an additional 2,767 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the primary scheduled on August 6, 2024. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.