Booz Allen Hamilton (NYSE:BAH) Cut to Sell at StockNews.com

StockNews.com lowered shares of Booz Allen Hamilton (NYSE:BAH) from a hold rating to a sell rating in a report published on Wednesday.

Several other research firms have also recently weighed in on BAH. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating for the company in a research report on Monday, July 29th. Wells Fargo & Company upgraded Booz Allen Hamilton from an equal weight rating to an overweight rating and dropped their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Jefferies Financial Group raised their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a buy rating in a report on Wednesday, May 29th. Truist Financial upped their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a hold rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a neutral rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of Hold and an average target price of $159.33.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $162.05 on Wednesday. Booz Allen Hamilton has a 52 week low of $108.64 and a 52 week high of $164.43. The firm has a market cap of $20.96 billion, a P/E ratio of 35.23, a P/E/G ratio of 2.30 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The business’s fifty day moving average is $152.43 and its two-hundred day moving average is $151.12.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Equities research analysts forecast that Booz Allen Hamilton will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.26%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

Insider Activity at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the 2nd quarter worth $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the second quarter worth about $29,000. Banque Cantonale Vaudoise raised its position in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after buying an additional 109 shares during the last quarter. MCF Advisors LLC lifted its stake in Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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