Booz Allen Hamilton (NYSE:BAH) had its price objective raised by Citigroup from $46.00 to $52.00 in a report published on Tuesday. Citigroup currently has a neutral rating on the business services provider’s stock.
A number of other analysts have also weighed in on the stock. Raymond James raised their price target on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the company an outperform rating in a report on Monday. Drexel Hamilton reissued a hold rating on shares of Booz Allen Hamilton in a report on Monday. Cowen reissued a buy rating and issued a $54.00 price target on shares of Booz Allen Hamilton in a report on Monday. Zacks Investment Research raised shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $56.00 price target for the company in a report on Monday, October 1st. Finally, Vertical Research lowered shares of Booz Allen Hamilton from a buy rating to a hold rating in a report on Monday, July 9th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Booz Allen Hamilton currently has a consensus rating of Buy and a consensus target price of $52.89.
Shares of Booz Allen Hamilton stock opened at $48.10 on Tuesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.45 and a quick ratio of 1.48. The company has a market capitalization of $6.84 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.63 and a beta of 1.17. Booz Allen Hamilton has a fifty-two week low of $35.21 and a fifty-two week high of $52.56.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.64 billion. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. Booz Allen Hamilton’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. Equities analysts predict that Booz Allen Hamilton will post 2.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Booz Allen Hamilton’s payout ratio is presently 37.81%.
In other Booz Allen Hamilton news, Director Gretchen W. Mcclain sold 1,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $50.03, for a total value of $99,309.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kristine Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total transaction of $1,030,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,985 shares of company stock worth $3,012,890. Insiders own 3.56% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. HPM Partners LLC bought a new position in Booz Allen Hamilton in the second quarter valued at approximately $390,000. Denali Advisors LLC boosted its stake in Booz Allen Hamilton by 224.5% in the third quarter. Denali Advisors LLC now owns 34,400 shares of the business services provider’s stock valued at $1,707,000 after acquiring an additional 23,800 shares during the last quarter. Anchor Capital Advisors LLC boosted its position in shares of Booz Allen Hamilton by 21.9% during the third quarter. Anchor Capital Advisors LLC now owns 722,654 shares of the business services provider’s stock worth $35,865,000 after purchasing an additional 129,875 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Booz Allen Hamilton by 90.5% during the second quarter. Voya Investment Management LLC now owns 96,667 shares of the business services provider’s stock worth $4,227,000 after purchasing an additional 45,911 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Booz Allen Hamilton by 14.2% during the second quarter. Aperio Group LLC now owns 65,288 shares of the business services provider’s stock worth $2,855,000 after purchasing an additional 8,137 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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