Cowen reaffirmed their buy rating on shares of Booz Allen Hamilton (NYSE:BAH) in a report issued on Monday. The brokerage currently has a $54.00 target price on the business services provider’s stock.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $56.00 price objective for the company in a research report on Monday, October 1st. Vertical Research lowered shares of Booz Allen Hamilton from a buy rating to a hold rating in a research report on Monday, July 9th. Raymond James raised shares of Booz Allen Hamilton from a market perform rating to an outperform rating in a research report on Tuesday, July 31st. Finally, Drexel Hamilton reissued a hold rating on shares of Booz Allen Hamilton in a research report on Monday, July 30th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $52.89.
Shares of BAH stock 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 company has a market cap 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 (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 consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. Booz Allen Hamilton’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts anticipate that Booz Allen Hamilton will post 2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, November 13th. Booz Allen Hamilton’s payout ratio is currently 37.81%.
In other news, Director Ralph W. Shrader sold 30,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $51.06, for a total value of $1,531,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gretchen W. Mcclain sold 1,985 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $50.03, for a total transaction of $99,309.55. The disclosure for this sale can be found here. Insiders sold 58,985 shares of company stock valued at $3,012,890 in the last three months. Company insiders own 3.56% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Booz Allen Hamilton by 25.3% during the 2nd quarter. BlackRock Inc. now owns 8,310,569 shares of the business services provider’s stock valued at $363,419,000 after purchasing an additional 1,677,212 shares in the last quarter. American Century Companies Inc. grew its holdings in Booz Allen Hamilton by 23.0% during the 2nd quarter. American Century Companies Inc. now owns 1,929,659 shares of the business services provider’s stock valued at $84,384,000 after purchasing an additional 360,388 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Booz Allen Hamilton by 12.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,219,214 shares of the business services provider’s stock valued at $47,208,000 after purchasing an additional 133,210 shares in the last quarter. Bank of America Corp DE grew its holdings in Booz Allen Hamilton by 18.9% during the 2nd quarter. Bank of America Corp DE now owns 1,014,530 shares of the business services provider’s stock valued at $44,365,000 after purchasing an additional 161,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Booz Allen Hamilton by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 991,800 shares of the business services provider’s stock valued at $43,371,000 after purchasing an additional 16,089 shares in the last quarter. 93.25% 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, 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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