Booz Allen Hamilton (NYSE:BAH) had its price target lifted by Raymond James from $53.00 to $55.00 in a research note released on Monday, The Fly reports. They currently have an outperform rating on the business services provider’s stock.
BAH has been the subject of a number of other research reports. Zacks Investment Research raised Booz Allen Hamilton from a hold rating to a buy rating and set a $56.00 price target for the company in a research report on Monday, October 1st. Drexel Hamilton reaffirmed a hold rating on shares of Booz Allen Hamilton in a research report on Monday. Cowen reaffirmed a buy rating and set a $54.00 price target on shares of Booz Allen Hamilton in a research report on Monday. Finally, Vertical Research cut Booz Allen Hamilton from a buy rating to a hold rating in a research 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. The stock has an average rating of Buy and an average target price of $52.89.
Shares of BAH opened at $48.10 on Monday. Booz Allen Hamilton has a one year low of $35.21 and a one year high of $52.56. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 2.67. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.63 and a beta of 1.17.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a return on equity of 58.75% and a net margin of 5.50%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Booz Allen Hamilton will post 2.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.81%.
In other news, insider Kristine Anderson sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $51.54, for a total value of $1,030,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gretchen W. Mcclain sold 1,985 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $50.03, for a total value of $99,309.55. The disclosure for this sale can be found here. In the last three months, insiders sold 58,985 shares of company stock valued at $3,012,890. Insiders own 3.56% of the company’s stock.
Several institutional investors have recently made changes to their positions in BAH. SG Americas Securities LLC purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $144,000. Steward Partners Investment Advisory LLC increased its stake in shares of Booz Allen Hamilton by 85.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 1,756 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $208,000. Welch & Forbes LLC purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $212,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 93.25% of the company’s stock.
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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