Booz Allen Hamilton (NYSE:BAH – Get Rating) had its price target lifted by Wells Fargo & Company from $109.00 to $110.00 in a report released on Wednesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider's stock.
A number of other equities analysts also recently issued reports on the company. Truist Financial raised 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. 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. Morgan Stanley raised their target price on Booz Allen Hamilton from $110.00 to $118.00 and gave the stock an overweight rating in a research note on Tuesday, January 3rd. Finally, StockNews.com cut Booz Allen Hamilton from a buy rating to a hold rating in a research note on Monday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $103.10.
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Booz Allen Hamilton Price Performance
Shares of BAH opened at $95.37 on Wednesday. Booz Allen Hamilton has a 1 year low of $69.68 and a 1 year high of $112.55. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.44 and a quick ratio of 1.81. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. The business has a 50-day moving average of $101.57 and a 200-day moving average of $99.57.
Booz Allen Hamilton Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, February 9th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.43. Booz Allen Hamilton's dividend payout ratio (DPR) is 43.65%.
Institutional Investors Weigh In On Booz Allen Hamilton
Hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in Booz Allen Hamilton by 17.4% in the third quarter. Raymond James & Associates now owns 369,694 shares of the business services provider's stock valued at $34,141,000 after acquiring an additional 54,702 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $5,030,000. Canandaigua National Corp boosted its position in shares of Booz Allen Hamilton by 6.8% during the third quarter. Canandaigua National Corp now owns 2,537 shares of the business services provider's stock valued at $234,000 after buying an additional 161 shares during the last quarter. Ascent Group LLC purchased a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $282,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Booz Allen Hamilton by 11.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,837 shares of the business services provider's stock valued at $3,329,000 after buying an additional 3,904 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company's stock.
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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