Booz Allen Hamilton (NYSE:BAH) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of Booz Allen Hamilton (NYSE:BAH) from an underweight rating to an equal weight rating in a research note issued to investors on Monday, Marketbeat reports. The firm currently has $140.00 price objective on the business services provider’s stock.

Several other equities analysts have also issued reports on BAH. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Truist Financial decreased their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the company from $180.00 to $190.00 in a research report on Monday, November 4th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Stock Up 0.4 %

Shares of NYSE BAH opened at $129.77 on Monday. The company has a market capitalization of $16.58 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton has a 52-week low of $125.42 and a 52-week high of $190.59. The company’s 50 day moving average price is $147.82 and its 200-day moving average price is $153.23.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, 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 value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This trade represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently bought and sold shares of BAH. First Hawaiian Bank lifted its position in Booz Allen Hamilton by 30.1% during the fourth quarter. First Hawaiian Bank now owns 29,336 shares of the business services provider’s stock valued at $3,776,000 after purchasing an additional 6,783 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Booz Allen Hamilton by 18.3% during the 4th quarter. Fulton Bank N.A. now owns 6,817 shares of the business services provider’s stock worth $877,000 after acquiring an additional 1,056 shares during the last quarter. Diversified Trust Co grew its position in Booz Allen Hamilton by 48.3% in the fourth quarter. Diversified Trust Co now owns 7,884 shares of the business services provider’s stock worth $1,015,000 after acquiring an additional 2,566 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in Booz Allen Hamilton in the fourth quarter valued at $3,462,000. Finally, Pensionfund Sabic raised its position in Booz Allen Hamilton by 10.7% during the fourth quarter. Pensionfund Sabic now owns 8,300 shares of the business services provider’s stock valued at $1,068,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

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.