Crossmark Global Holdings Inc. Acquires 30,276 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Crossmark Global Holdings Inc. raised its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2,033.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,765 shares of the business services provider’s stock after acquiring an additional 30,276 shares during the period. Crossmark Global Holdings Inc.’s holdings in Booz Allen Hamilton were worth $4,088,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. M.E. Allison & CO. Inc. purchased a new stake in Booz Allen Hamilton in the fourth quarter worth approximately $298,000. HB Wealth Management LLC boosted its stake in shares of Booz Allen Hamilton by 5.0% in the 4th quarter. HB Wealth Management LLC now owns 2,470 shares of the business services provider’s stock worth $318,000 after buying an additional 118 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Booz Allen Hamilton by 33.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 485,064 shares of the business services provider’s stock worth $62,428,000 after acquiring an additional 122,825 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $1,900,000. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Booz Allen Hamilton by 10.9% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 15,635 shares of the business services provider’s stock valued at $2,012,000 after acquiring an additional 1,532 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $143.08 on Thursday. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.64 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock’s 50-day simple moving average is $137.90 and its 200-day simple moving average is $151.80. Booz Allen Hamilton Holding Co. has a 52 week low of $127.09 and a 52 week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.43%. Booz Allen Hamilton’s payout ratio is 32.03%.

Wall Street Analyst Weigh In

BAH has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. The Goldman Sachs Group dropped their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial reduced their price objective on 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. Finally, UBS Group initiated coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $161.78.

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.