Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $142.00 at Barclays

Booz Allen Hamilton (NYSE:BAH) had its price target cut by Barclays from $153.00 to $142.00 in a report issued on Tuesday, Benzinga reports. They currently have an underweight rating on the business services provider’s stock.

BAH has been the subject of a number of other reports. Jefferies Financial Group upped their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating for the company in a research note on Monday, July 29th. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a hold rating for the company in a research note on Monday, July 29th. Stifel Nicolaus upped their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company raised shares of Booz Allen Hamilton from an equal weight rating to an overweight rating and cut their price target for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $156.56.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $143.98 on Tuesday. Booz Allen Hamilton has a 12-month low of $106.90 and a 12-month high of $164.43. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company has a quick ratio of 1.62, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The firm has a fifty day moving average of $153.20 and a 200-day moving average of $147.88.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. On average, equities research analysts forecast that Booz Allen Hamilton will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.42%. Booz Allen Hamilton’s payout ratio is 44.35%.

Insider Activity

In other news, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $27,747.00. Following the sale, the executive vice president now directly owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $27,747.00. Following the sale, the executive vice president now directly owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Penfield sold 18,522 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the completion of the sale, the executive vice president now directly owns 33,788 shares in the company, valued at $5,194,229.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,255 shares of company stock valued at $8,970,026. 1.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $1,037,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Booz Allen Hamilton by 6.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after acquiring an additional 18,815 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $2,044,000. BNP Paribas Financial Markets lifted its position in Booz Allen Hamilton by 33.6% during the fourth quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock worth $9,874,000 after acquiring an additional 19,432 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Booz Allen Hamilton by 47.4% during the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after acquiring an additional 54,180 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

About Booz Allen Hamilton

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.