Booz Allen Hamilton (NYSE:BAH) Shares Down 5.5% – Should You Sell?

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) fell 5.5% during mid-day trading on Thursday . The stock traded as low as $140.36 and last traded at $135.12. 295,653 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,680,218 shares. The stock had previously closed at $143.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial cut their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. UBS Group began coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target on the stock. Finally, Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Price Performance

The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The company’s fifty day moving average price is $137.22 and its 200 day moving average price is $151.55. The company has a market capitalization of $17.05 billion, a P/E ratio of 20.95, a PEG ratio of 1.72 and a beta of 0.55.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empirical Asset Management LLC bought a new stake in Booz Allen Hamilton during the fourth quarter worth about $1,900,000. Bartlett & CO. Wealth Management LLC increased its stake in Booz Allen Hamilton by 1.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider’s stock valued at $69,445,000 after acquiring an additional 8,365 shares during the last quarter. Cumberland Partners Ltd raised its holdings in shares of Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares in the last quarter. Toronto Dominion Bank raised its stake in Booz Allen Hamilton by 29.6% during the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock worth $2,752,000 after acquiring an additional 3,863 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after purchasing an additional 32,897 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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.