Booz Allen Hamilton (NYSE:BAH) Trading Down 6.4% – Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares were down 6.4% during trading on Thursday . The stock traded as low as $159.89 and last traded at $161.07. Approximately 956,864 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 728,000 shares. The stock had previously closed at $172.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on BAH shares. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays increased their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton Price Performance

The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm’s fifty day moving average price is $165.72 and its two-hundred day moving average price is $156.97. The stock has a market capitalization of $19.75 billion, a PE ratio of 24.74, a PEG ratio of 2.18 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.32%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds have recently modified their holdings of BAH. Oppenheimer & Co. Inc. raised its stake in Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 59 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Booz Allen Hamilton by 4.5% during the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 69 shares in the last quarter. X Square Capital LLC raised its stake in shares of Booz Allen Hamilton by 0.7% in the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock valued at $1,617,000 after acquiring an additional 72 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors 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.