Cumberland Partners Ltd Increases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 40,480 shares of the business services provider’s stock after purchasing an additional 4,560 shares during the period. Cumberland Partners Ltd’s holdings in Booz Allen Hamilton were worth $5,134,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. First Financial Corp IN increased its holdings in Booz Allen Hamilton by 21.3% during the fourth quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock worth $60,000 after buying an additional 83 shares during the last quarter. Greenleaf Trust increased its holdings in Booz Allen Hamilton by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,335 shares of the business services provider’s stock worth $682,000 after buying an additional 99 shares during the last quarter. Valley Wealth Managers Inc. increased its holdings in Booz Allen Hamilton by 4.0% during the third quarter. Valley Wealth Managers Inc. now owns 2,755 shares of the business services provider’s stock worth $301,000 after buying an additional 106 shares during the last quarter. VisionPoint Advisory Group LLC increased its stake in shares of Booz Allen Hamilton by 75.6% in the third quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Booz Allen Hamilton by 7.8% in the fourth quarter. Signaturefd LLC now owns 1,625 shares of the business services provider’s stock worth $208,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BAH shares. Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 5th. The Goldman Sachs Group raised their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Jefferies Financial Group raised their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Truist Financial lifted their target price on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $145.11.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 49,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the transaction, the chief executive officer now directly owns 557,411 shares of the company’s stock, valued at approximately $81,209,208.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Matthew Calderone sold 1,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now owns 25,462 shares in the company, valued at approximately $3,730,437.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Horacio Rozanski sold 49,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the sale, the chief executive officer now owns 557,411 shares in the company, valued at approximately $81,209,208.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,568 shares of company stock valued at $8,067,487. 1.76% of the stock is currently owned by company insiders.

Booz Allen Hamilton Trading Up 2.1 %

Shares of NYSE BAH traded up $2.95 during mid-day trading on Tuesday, hitting $145.96. The stock had a trading volume of 583,856 shares, compared to its average volume of 618,184. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. Booz Allen Hamilton Holding Co. has a 1 year low of $89.80 and a 1 year high of $150.59. The business has a 50 day moving average price of $145.98 and a two-hundred day moving average price of $134.47. The firm has a market cap of $18.94 billion, a P/E ratio of 47.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.53.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.39 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were given a dividend of $0.51 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, February 9th. Booz Allen Hamilton’s payout ratio is presently 65.81%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.