Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) – Research analysts at Jefferies Financial Group reduced their FY2023 EPS estimates for shares of Booz Allen Hamilton in a research note issued to investors on Thursday, January 12th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the business services provider will post earnings per share of $4.35 for the year, down from their prior estimate of $4.40. The consensus estimate for Booz Allen Hamilton’s current full-year earnings is $4.46 per share. Jefferies Financial Group also issued estimates for Booz Allen Hamilton’s FY2024 earnings at $4.75 EPS and FY2025 earnings at $5.20 EPS.
Other analysts have also issued reports about the stock. StockNews.com upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th. Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, November 7th. Morgan Stanley lifted their price target on shares of Booz Allen Hamilton from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Raymond James lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Wednesday, October 19th. Finally, Truist Financial boosted their target price on shares of Booz Allen Hamilton from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Monday, October 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.
Booz Allen Hamilton Stock Performance
Booz Allen Hamilton (NYSE:BAH – Get Rating) last released its quarterly earnings data on Friday, October 28th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.22. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. Booz Allen Hamilton’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS.
Hedge Funds Weigh In On Booz Allen Hamilton
Large investors have recently added to or reduced their stakes in the company. OLIO Financial Planning lifted its holdings in shares of Booz Allen Hamilton by 41.2% in the fourth quarter. OLIO Financial Planning now owns 18,402 shares of the business services provider’s stock worth $1,923,000 after buying an additional 5,370 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 27.5% in the fourth quarter. Copeland Capital Management LLC now owns 247,778 shares of the business services provider’s stock worth $25,897,000 after buying an additional 53,516 shares in the last quarter. Cadent Capital Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 34.0% in the fourth quarter. Cadent Capital Advisors LLC now owns 3,036 shares of the business services provider’s stock worth $317,000 after buying an additional 770 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Booz Allen Hamilton by 365.7% in the fourth quarter. Allworth Financial LP now owns 2,678 shares of the business services provider’s stock worth $280,000 after buying an additional 2,103 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth $255,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.
Insider Buying and Selling at Booz Allen Hamilton
In other Booz Allen Hamilton news, EVP Richard Crowe sold 2,573 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $100.00, for a total transaction of $257,300.00. Following the transaction, the executive vice president now owns 14,278 shares of the company’s stock, valued at $1,427,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.23% of the company’s stock.
Booz Allen Hamilton Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Tuesday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Monday, November 14th. Booz Allen Hamilton’s dividend payout ratio is currently 43.65%.
Booz Allen Hamilton Company 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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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