Booz Allen Hamilton (NYSE:BAH) Reaches New 52-Week High Following Analyst Upgrade

Booz Allen Hamilton Holding Co. (NYSE:BAHGet Rating)’s stock price reached a new 52-week high during trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $100.00 to $109.00. Wells Fargo & Company currently has an overweight rating on the stock. Booz Allen Hamilton traded as high as $110.44 and last traded at $110.27, with a volume of 4727 shares traded. The stock had previously closed at $109.24.

Several other brokerages have also weighed in on BAH. Stifel Nicolaus boosted their price objective on Booz Allen Hamilton from $102.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. StockNews.com raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Morgan Stanley upped their target price on Booz Allen Hamilton from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, August 2nd. Raymond James lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a report on Wednesday, October 19th. Finally, Truist Financial increased their price objective on Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.70.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 2,573 shares of the stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $100.00, for a total transaction of $257,300.00. Following the completion of the sale, the executive vice president now owns 14,278 shares in the company, valued at approximately $1,427,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,806 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $92.94, for a total transaction of $167,849.64. Following the sale, the director now directly owns 16,792 shares of the company’s stock, valued at approximately $1,560,648.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Crowe sold 2,573 shares of the company’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $100.00, for a total transaction of $257,300.00. Following the completion of the transaction, the executive vice president now directly owns 14,278 shares in the company, valued at $1,427,800. The disclosure for this sale can be found here. Insiders sold 25,484 shares of company stock worth $2,482,894 over the last ninety days. Company insiders own 2.23% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds have recently bought and sold shares of BAH. Argent Capital Management LLC increased its position in Booz Allen Hamilton by 2,570.9% during the second quarter. Argent Capital Management LLC now owns 864,188 shares of the business services provider’s stock worth $78,088,000 after buying an additional 831,832 shares during the last quarter. Close Asset Management Ltd bought a new stake in Booz Allen Hamilton during the second quarter valued at about $56,664,000. Lord Abbett & CO. LLC boosted its holdings in Booz Allen Hamilton by 166.6% during the first quarter. Lord Abbett & CO. LLC now owns 900,240 shares of the business services provider’s stock valued at $79,077,000 after acquiring an additional 562,566 shares during the period. 1832 Asset Management L.P. boosted its holdings in Booz Allen Hamilton by 13.1% during the first quarter. 1832 Asset Management L.P. now owns 3,124,091 shares of the business services provider’s stock valued at $270,648,000 after acquiring an additional 360,700 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Booz Allen Hamilton by 48.6% during the first quarter. APG Asset Management N.V. now owns 1,098,730 shares of the business services provider’s stock valued at $86,741,000 after acquiring an additional 359,363 shares during the period. 86.85% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

The company has a debt-to-equity ratio of 2.29, a current ratio of 1.81 and a quick ratio of 1.81. The stock’s fifty day simple moving average is $98.36 and its 200-day simple moving average is $92.43. The company has a market capitalization of $14.59 billion, a P/E ratio of 28.01, a PEG ratio of 3.21 and a beta of 0.67.

Booz Allen Hamilton (NYSE:BAHGet Rating) last released its quarterly earnings results on Friday, October 28th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Booz Allen Hamilton Holding Co. will post 4.43 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Tuesday, November 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, November 14th. Booz Allen Hamilton’s payout ratio is presently 43.65%.

About Booz Allen Hamilton

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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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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