HB Wealth Management LLC Purchases Shares of 2,094 Booz Allen Hamilton Holding Co. (NYSE:BAH)

HB Wealth Management LLC purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,094 shares of the business services provider’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BAH. Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $188,129,000. AGF Management Ltd. raised its stake in shares of Booz Allen Hamilton by 40.8% in the 4th quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock valued at $139,328,000 after purchasing an additional 315,495 shares during the period. Captrust Financial Advisors raised its stake in shares of Booz Allen Hamilton by 29.4% in the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after purchasing an additional 244,391 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Booz Allen Hamilton by 279.7% in the 1st quarter. Van ECK Associates Corp now owns 265,492 shares of the business services provider’s stock valued at $39,410,000 after purchasing an additional 195,578 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 0.9 %

Booz Allen Hamilton stock opened at $158.78 on Friday. The stock has a 50-day simple moving average of $152.01 and a 200 day simple moving average of $149.78. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55. The stock has a market capitalization of $20.53 billion, a P/E ratio of 34.52, a PEG ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a yield of 1.28%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BAH. Barclays decreased their price objective on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. Truist Financial decreased their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $168.00 to $165.00 in a report on Monday, July 29th. Finally, Jefferies Financial Group raised their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

Booz Allen Hamilton 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. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.