First Trust Advisors LP grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 134.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 696,599 shares of the business services provider’s stock after purchasing an additional 399,589 shares during the period. First Trust Advisors LP owned approximately 0.49% of Booz Allen Hamilton worth $34,572,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at $23,574,000. Steward Partners Investment Advisory LLC lifted its position in shares of Booz Allen Hamilton by 85.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 1,756 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at $449,000. Strs Ohio purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at $393,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at $392,000. 93.25% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the company. Credit Suisse Group upped their price objective on Booz Allen Hamilton from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday. Cowen restated a “buy” rating and issued a $54.00 price objective on shares of Booz Allen Hamilton in a research report on Monday. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, July 16th. Wells Fargo & Co upped their price objective on Booz Allen Hamilton from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Citigroup upped their price objective on Booz Allen Hamilton from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $52.89.
Shares of NYSE:BAH opened at $48.10 on Friday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.63 and a beta of 1.17. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 2.67. Booz Allen Hamilton Holding Co. has a 12 month low of $35.21 and a 12 month high of $52.56.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.64 billion. Booz Allen Hamilton had a return on equity of 58.75% and a net margin of 5.50%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. Research analysts predict that Booz Allen Hamilton Holding Co. will post 2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.76 annualized dividend and a yield of 1.58%. Booz Allen Hamilton’s dividend payout ratio is presently 37.81%.
In other Booz Allen Hamilton news, Director Ralph W. Shrader sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $51.06, for a total transaction of $1,531,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gretchen W. Mcclain sold 1,985 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was 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. Insiders have sold 58,985 shares of company stock valued at $3,012,890 over the last 90 days. 3.56% of the stock is currently owned by insiders.
Booz Allen Hamilton 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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