Bahl & Gaynor Inc. Trims Stake in Booz Allen Hamilton Holding Corporation $BAH

Bahl & Gaynor Inc. cut its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 781,491 shares of the business services provider’s stock after selling 53,685 shares during the period. Bahl & Gaynor Inc. owned approximately 0.63% of Booz Allen Hamilton worth $81,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Booz Allen Hamilton by 603.1% in the first quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider’s stock worth $151,266,000 after purchasing an additional 1,240,689 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Booz Allen Hamilton by 2,011.8% in the second quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock worth $131,939,000 after buying an additional 1,207,058 shares during the period. AQR Capital Management LLC lifted its stake in shares of Booz Allen Hamilton by 288.4% during the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock worth $168,491,000 after acquiring an additional 1,204,446 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Booz Allen Hamilton by 187.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after acquiring an additional 1,021,809 shares during the period. Finally, 1832 Asset Management L.P. grew its position in Booz Allen Hamilton by 78.7% in the 1st quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock valued at $153,370,000 after acquiring an additional 646,053 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $80.67 on Friday. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.46 and a beta of 0.39. Booz Allen Hamilton Holding Corporation has a 52-week low of $79.23 and a 52-week high of $150.53. The company has a quick ratio of 1.78, a current ratio of 1.76 and a debt-to-equity ratio of 3.89. The company’s 50 day moving average is $93.63 and its 200 day moving average is $103.94.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.99 billion. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.Booz Allen Hamilton’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 5.450-5.650 EPS. On average, sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 14th. Booz Allen Hamilton’s payout ratio is 33.59%.

Analyst Ratings Changes

Several analysts have recently weighed in on BAH shares. The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research report on Monday, October 27th. Truist Financial set a $90.00 price objective on shares of Booz Allen Hamilton in a report on Friday, October 24th. UBS Group lowered their price objective on shares of Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Cowen lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Stifel Nicolaus set a $106.00 price target on Booz Allen Hamilton in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $110.82.

Insider Activity at Booz Allen Hamilton

In other news, CEO Horacio Rozanski purchased 23,800 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $84.66 per share, with a total value of $2,014,908.00. Following the completion of the transaction, the chief executive officer owned 687,745 shares in the company, valued at $58,224,491.70. This represents a 3.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.91% 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.