Booz Allen Hamilton Holding Co. (NYSE:BAH) Plans $0.51 Quarterly Dividend

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Friday, October 25th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.51 per share by the business services provider on Wednesday, December 4th. This represents a $2.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, November 15th.

Booz Allen Hamilton has increased its dividend by an average of 14.9% annually over the last three years and has raised its dividend every year for the last 13 years. Booz Allen Hamilton has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.89 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 29.6%.

Booz Allen Hamilton Stock Down 1.9 %

BAH traded down $3.51 during midday trading on Wednesday, reaching $177.94. 179,203 shares of the company were exchanged, compared to its average volume of 717,443. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58. The company’s fifty day moving average price is $165.42 and its 200 day moving average price is $156.86. Booz Allen Hamilton has a one year low of $123.17 and a one year high of $190.59.

Insiders Place Their Bets

In related news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on 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 directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The stock was 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 $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of analyst reports. Barclays upped their target price 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 boosted their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Truist Financial lifted their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and an average target price of $180.63.

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.