Booz Allen Hamilton (NYSE:BAH) Hits New 1-Year Low – Here’s What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $104.05 and last traded at $107.28, with a volume of 586176 shares changing hands. The stock had previously closed at $111.04.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BAH. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. UBS Group began coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective for the company. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Stock Down 4.5 %

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.25 and a beta of 0.55. The firm has a 50-day moving average of $127.31 and a two-hundred day moving average of $146.54.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Institutional Trading of Booz Allen Hamilton

Hedge funds have recently added to or reduced their stakes in the business. Strategic Blueprint LLC grew its holdings in shares of Booz Allen Hamilton by 7.6% in the 3rd quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 116 shares in the last quarter. US Bancorp DE grew its holdings in shares of Booz Allen Hamilton by 1.1% in the 3rd quarter. US Bancorp DE now owns 108,675 shares of the business services provider’s stock valued at $17,689,000 after acquiring an additional 1,226 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 22.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 865 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 161 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Booz Allen Hamilton by 80.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,411 shares of the business services provider’s stock valued at $2,671,000 after acquiring an additional 7,292 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Booz Allen Hamilton by 34.8% in the 3rd quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider’s stock valued at $102,437,000 after acquiring an additional 162,083 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.