Booz Allen Hamilton (NYSE:BAH) Earns Buy Rating from Cowen

Cowen reissued their buy rating on shares of Booz Allen Hamilton (NYSE:BAH) in a report issued on Monday, October 29th. Cowen currently has a $54.00 price objective on the business services provider’s stock.

A number of other analysts have also recently commented on BAH. Vertical Research cut shares of Booz Allen Hamilton from a buy rating to a hold rating in a research note on Monday, July 9th. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $52.00 target price for the company in a research note on Monday, July 16th. Drexel Hamilton reiterated a hold rating on shares of Booz Allen Hamilton in a research note on Monday, July 30th. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a market perform rating to an outperform rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $53.22.

Shares of NYSE:BAH traded up $0.19 during trading on Monday, reaching $51.21. The stock had a trading volume of 728,084 shares, compared to its average volume of 1,480,892. Booz Allen Hamilton has a one year low of $35.21 and a one year high of $52.88. The stock has a market capitalization of $7.26 billion, a P/E ratio of 25.48, a P/E/G ratio of 1.34 and a beta of 1.09. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.45 and a current ratio of 1.45.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Monday, October 29th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. Booz Allen Hamilton’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. On average, research analysts forecast that Booz Allen Hamilton will post 2.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, November 13th. Booz Allen Hamilton’s payout ratio is 37.81%.

In other news, insider Kristine Anderson sold 20,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total transaction of $1,030,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph W. Shrader sold 30,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $51.06, for a total transaction of $1,531,800.00. The disclosure for this sale can be found here. Insiders own 3.56% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Booz Allen Hamilton by 22.3% in the 3rd quarter. BlackRock Inc. now owns 10,163,902 shares of the business services provider’s stock worth $504,433,000 after acquiring an additional 1,853,333 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Booz Allen Hamilton by 1.2% in the 3rd quarter. William Blair Investment Management LLC now owns 7,304,675 shares of the business services provider’s stock worth $362,531,000 after acquiring an additional 85,029 shares in the last quarter. American Century Companies Inc. increased its holdings in Booz Allen Hamilton by 157.6% in the 3rd quarter. American Century Companies Inc. now owns 4,971,183 shares of the business services provider’s stock worth $246,720,000 after acquiring an additional 3,041,524 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Booz Allen Hamilton by 12.1% in the 3rd quarter. Wells Fargo & Company MN now owns 3,882,800 shares of the business services provider’s stock worth $192,703,000 after acquiring an additional 420,157 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Booz Allen Hamilton by 541.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,885,425 shares of the business services provider’s stock worth $93,574,000 after acquiring an additional 1,591,484 shares in the last quarter. 95.94% of the stock is owned by hedge funds and other institutional investors.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

See Also: What is a stock split?

Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply