Booz Allen Hamilton (NYSE:BAH) Stock Price Down 3.7% – What’s Next?

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price traded down 3.7% on Wednesday . The company traded as low as $112.41 and last traded at $112.26. 1,475,107 shares traded hands during trading, an increase of 20% from the average session volume of 1,224,397 shares. The stock had previously closed at $116.52.

Analyst Ratings Changes

Several research firms recently commented on BAH. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, TD Cowen lowered their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Trading Up 0.6 %

The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The business’s 50 day moving average price is $121.96 and its 200-day moving average price is $142.47. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

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

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.11%. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently bought and sold shares of BAH. Norges Bank bought a new position in Booz Allen Hamilton in the 4th quarter worth about $196,578,000. Raymond James Financial Inc. bought a new position in Booz Allen Hamilton in the 4th quarter worth about $173,055,000. Janus Henderson Group PLC grew its position in Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the last quarter. Man Group plc grew its position in Booz Allen Hamilton by 2,293.2% in the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock worth $145,224,000 after purchasing an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after purchasing an additional 590,655 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.