Townsquare Capital LLC Grows Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Townsquare Capital LLC raised its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 42.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 34,962 shares of the business services provider’s stock after acquiring an additional 10,381 shares during the period. Townsquare Capital LLC’s holdings in Booz Allen Hamilton were worth $5,690,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $29,000. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at about $31,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $45,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BAH shares. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays increased their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group increased their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $173.25.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, 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 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s 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 sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 10.29 % 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. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $147.35 on Friday. The company’s fifty day simple moving average is $164.23 and its 200-day simple moving average is $156.73. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market cap of $18.83 billion, a PE ratio of 23.13, a P/E/G ratio of 1.77 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The firm 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 $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Booz Allen Hamilton 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.