StockNews.com Upgrades Booz Allen Hamilton (NYSE:BAH) to “Hold”

StockNews.com upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. TD Cowen cut their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Barclays raised their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $180.00.

Booz Allen Hamilton Price Performance

BAH stock opened at $181.28 on Wednesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.55 and a current ratio of 1.56. Booz Allen Hamilton has a 52 week low of $122.59 and a 52 week high of $189.13. The firm’s fifty day moving average is $161.91 and its 200 day moving average is $154.79. The firm has a market cap of $23.16 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.51 and a beta of 0.59.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BAH. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton in the second quarter worth about $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the second quarter worth about $29,000. Innealta Capital LLC purchased a new position in Booz Allen Hamilton in the second quarter worth about $34,000. Crewe Advisors LLC purchased a new position in Booz Allen Hamilton in the first quarter worth about $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Booz Allen Hamilton in the third quarter worth about $45,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

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