StockNews.com cut shares of Booz Allen Hamilton (NYSE:BAH – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Monday.
Other equities analysts also recently issued reports about the company. Morgan Stanley lifted their target price on Booz Allen Hamilton from $110.00 to $118.00 and gave the company an overweight rating in a research note on Tuesday, January 3rd. Truist Financial boosted their price objective on Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a hold rating in a research report on Monday, October 31st. Wells Fargo & Company boosted their price objective on Booz Allen Hamilton from $100.00 to $109.00 and gave the stock an overweight rating in a research report on Monday, November 7th. Finally, Raymond James downgraded Booz Allen Hamilton from an outperform rating to a market perform rating and set a $99.00 price objective for the company. in a research report on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $103.10.
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Booz Allen Hamilton Stock Performance
Shares of BAH stock opened at $95.37 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.44 and a debt-to-equity ratio of 2.31. The business has a 50 day moving average of $101.57 and a two-hundred day moving average of $99.57. Booz Allen Hamilton has a 52 week low of $69.68 and a 52 week high of $112.55. The company has a market cap of $12.62 billion, a P/E ratio of 24.21, a PEG ratio of 2.40 and a beta of 0.65.
Booz Allen Hamilton Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.97%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, February 9th. Booz Allen Hamilton's dividend payout ratio is 43.65%.
Institutional Investors Weigh In On Booz Allen Hamilton
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Booz Allen Hamilton by 1.5% in the third quarter. State Street Corp now owns 2,963,488 shares of the business services provider's stock worth $273,678,000 after purchasing an additional 43,441 shares during the period. First Trust Advisors LP lifted its position in Booz Allen Hamilton by 10.9% in the first quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider's stock worth $221,489,000 after purchasing an additional 247,271 shares during the period. Truist Financial Corp lifted its position in Booz Allen Hamilton by 3.4% in the third quarter. Truist Financial Corp now owns 1,763,000 shares of the business services provider's stock worth $162,813,000 after purchasing an additional 58,739 shares during the period. Wellington Management Group LLP increased its holdings in shares of Booz Allen Hamilton by 27.8% in the first quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider's stock valued at $128,219,000 after buying an additional 317,646 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in shares of Booz Allen Hamilton by 6.2% in the second quarter. Congress Asset Management Co. MA now owns 1,406,482 shares of the business services provider's stock valued at $127,090,000 after buying an additional 82,010 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Company Profile
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Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
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