Thrivent Financial for Lutherans Increases Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Thrivent Financial for Lutherans lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,196 shares of the business services provider’s stock after purchasing an additional 5,037 shares during the period. Thrivent Financial for Lutherans’ holdings in Booz Allen Hamilton were worth $8,494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in Booz Allen Hamilton by 5.8% in the second quarter. AE Wealth Management LLC now owns 5,019 shares of the business services provider’s stock valued at $772,000 after purchasing an additional 277 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 372.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 97,502 shares of the business services provider’s stock valued at $15,006,000 after buying an additional 76,859 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at $308,000. Blair William & Co. IL raised its stake in Booz Allen Hamilton by 11.9% during the 2nd quarter. Blair William & Co. IL now owns 510,530 shares of the business services provider’s stock worth $78,571,000 after acquiring an additional 54,170 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Booz Allen Hamilton by 13.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,518 shares of the business services provider’s stock worth $1,446,000 after acquiring an additional 1,148 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 0.2 %

Shares of Booz Allen Hamilton stock opened at $159.57 on Friday. The company has a market cap of $20.61 billion, a P/E ratio of 34.69, a PEG ratio of 2.30 and a beta of 0.59. The firm has a fifty day moving average of $152.31 and a two-hundred day moving average of $151.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a one year low of $108.58 and a one year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results 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). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. On average, analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BAH shares. TD Cowen dropped their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. JPMorgan Chase & Co. increased 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. Truist Financial lifted their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Finally, Barclays reduced their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $159.33.

Insiders Place Their Bets

In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction dated 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 transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of the firm’s 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 transaction, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

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.