Booz Allen Hamilton (NYSE:BAH) Shares Up 4.2% – Here’s Why

by · The Markets Daily

Booz Allen Hamilton Holding Corporation (NYSE:BAH – Get Free Report)’s stock price was up 4.2% during mid-day trading on Thursday . The company traded as high as $75.32 and last traded at $75.2540. 519,243 shares changed hands during trading, a decline of 75% from the average daily volume of 2,118,622 shares. The stock had previously closed at $72.20.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Cantor Fitzgerald cut their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $83.69.

Check Out Our Latest Stock Report on Booz Allen Hamilton

Booz Allen Hamilton Price Performance

The company has a 50-day moving average of $70.99 and a 200-day moving average of $74.72. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 3.72 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.32. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The company’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 37.11%.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of large investors have recently bought and sold shares of BAH. Rakuten Securities Inc. lifted its stake in shares of Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the period. PenderFund Capital Management Ltd. purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $30,000. Fulcrum Asset Management LLP purchased a new stake in shares of Booz Allen Hamilton in the third quarter valued at about $32,000. Versant Capital Management Inc increased its stake in shares of Booz Allen Hamilton by 1,122.9% during the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after acquiring an additional 539 shares during the period. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter worth about $41,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

(Get Free Report)

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.

See Also