Booz Allen Hamilton Holding Co. (NYSE:BAH) Declares $0.43 Quarterly Dividend

Booz Allen Hamilton Holding Co. (NYSE:BAHGet Rating) announced a quarterly dividend on Monday, May 23rd, Wall Street Journal reports. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.43 per share by the business services provider on Thursday, June 30th. This represents a $1.72 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, June 14th.

Booz Allen Hamilton has increased its dividend by an average of 24.9% per year over the last three years and has increased its dividend every year for the last 12 years. Booz Allen Hamilton has a dividend payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Booz Allen Hamilton to earn $4.51 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 38.1%.

Shares of Booz Allen Hamilton stock traded up $2.24 on Monday, reaching $81.08. The stock had a trading volume of 1,201,202 shares, compared to its average volume of 1,111,205. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.56. The business’s 50 day moving average is $85.58 and its two-hundred day moving average is $83.99. The company has a market cap of $10.80 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. Booz Allen Hamilton has a 1 year low of $69.68 and a 1 year high of $91.46.

Booz Allen Hamilton (NYSE:BAHGet Rating) last issued its quarterly earnings results on Friday, May 20th. The business services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Booz Allen Hamilton had a net margin of 7.09% and a return on equity of 54.65%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities analysts anticipate that Booz Allen Hamilton will post 4.18 EPS for the current fiscal year.

BAH has been the subject of several recent research reports. The Goldman Sachs Group raised Booz Allen Hamilton from a “neutral” rating to a “buy” rating and raised their price objective for the company from $83.00 to $102.00 in a research report on Wednesday, April 13th. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a report on Friday, April 8th. Barclays upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $90.00 to $105.00 in a report on Monday, January 24th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Monday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Booz Allen Hamilton from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, March 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $96.70.

In related news, EVP Nancy Laben sold 21,161 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $88.54, for a total transaction of $1,873,594.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.92% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Booz Allen Hamilton by 4.7% during the fourth quarter. BlackRock Inc. now owns 10,038,798 shares of the business services provider’s stock worth $851,189,000 after purchasing an additional 453,676 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Booz Allen Hamilton by 10.9% in the first quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider’s stock valued at $221,489,000 after acquiring an additional 247,271 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Booz Allen Hamilton by 27.8% in the first quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider’s stock valued at $128,219,000 after acquiring an additional 317,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Booz Allen Hamilton by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,203,395 shares of the business services provider’s stock valued at $105,716,000 after acquiring an additional 50,066 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Booz Allen Hamilton by 12.1% in the first quarter. Eaton Vance Management now owns 771,422 shares of the business services provider’s stock valued at $67,761,000 after acquiring an additional 83,061 shares in the last quarter. Institutional investors own 90.44% of the company’s stock.

Booz Allen Hamilton Company Profile (Get Rating)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Dividend History for Booz Allen Hamilton (NYSE:BAH)

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