Booz Allen Hamilton (NYSE:BAH) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a report released on Thursday.

BAH has been the topic of a number of other reports. Truist Financial boosted their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research note on Monday, October 28th. TD Cowen cut their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. The Goldman Sachs Group increased their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the company from $180.00 to $190.00 in a research report on Monday. Finally, Barclays increased their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton Stock Up 3.6 %

Booz Allen Hamilton stock traded up $6.39 during mid-day trading on Thursday, reaching $182.19. The stock had a trading volume of 576,095 shares, compared to its average volume of 712,471. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The stock’s 50-day simple moving average is $163.93 and its 200-day simple moving average is $155.90. The firm has a market capitalization of $23.28 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.12%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton during the second quarter worth about $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $31,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $29,000. Innealta Capital LLC acquired a new stake in Booz Allen Hamilton during the second quarter worth approximately $34,000. Finally, Crewe Advisors LLC acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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.