Booz Allen Hamilton Holding Corporation (NYSE:BAH) Given Average Rating of “Hold” by Analysts

Booz Allen Hamilton Holding Corporation (NYSE:BAH) has earned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $134.64.

A number of equities research analysts have weighed in on BAH shares. The Goldman Sachs Group cut Booz Allen Hamilton from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Raymond James Financial restated a “market perform” rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a research note on Tuesday, June 24th. They set a “hold” rating and a $112.00 price target for the company. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Tuesday, April 15th. Finally, Truist Financial cut their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, April 14th.

Institutional Trading of Booz Allen Hamilton

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its holdings in shares of Booz Allen Hamilton by 33.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider’s stock worth $56,000 after purchasing an additional 110 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Booz Allen Hamilton by 54.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,412 shares of the business services provider’s stock worth $182,000 after purchasing an additional 499 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $80,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Booz Allen Hamilton by 22.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,030 shares of the business services provider’s stock worth $647,000 after purchasing an additional 937 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Booz Allen Hamilton by 281.6% during the 4th quarter. Victory Capital Management Inc. now owns 172,634 shares of the business services provider’s stock worth $22,218,000 after purchasing an additional 127,394 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 0.1%

Shares of BAH opened at $108.12 on Monday. The firm has a market cap of $13.43 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48. Booz Allen Hamilton has a 12-month low of $98.95 and a 12-month high of $190.59. The company’s 50-day moving average price is $111.51 and its 200 day moving average price is $116.77. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the company posted $1.33 EPS. Booz Allen Hamilton’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton’s payout ratio is 30.34%.

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.