Booz Allen Hamilton (NYSE:BAH) Trading Down 5.5% – Here’s Why

Booz Allen Hamilton Holding Co. (NYSE:BAH) was down 5.5% on Thursday . The company traded as low as $140.36 and last traded at $135.12. Approximately 295,653 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,680,218 shares. The stock had previously closed at $143.06.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BAH shares. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $161.78.

Booz Allen Hamilton Stock Down 4.6 %

The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.71 and a beta of 0.55. The firm’s 50 day moving average price is $137.90 and its two-hundred day moving average price is $151.80. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.49%. Booz Allen Hamilton’s dividend payout ratio is 32.03%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after acquiring an additional 58,038 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after buying an additional 285,621 shares in the last quarter. Eagle Asset Management Inc. increased its position in Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares during the period. Captrust Financial Advisors increased its holdings in shares of Booz Allen Hamilton by 1.1% during the third quarter. Captrust Financial Advisors now owns 856,437 shares of the business services provider’s stock worth $139,394,000 after purchasing an additional 9,480 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Booz Allen Hamilton by 30.2% during the third quarter. Janus Henderson Group PLC now owns 631,703 shares of the business services provider’s stock worth $102,809,000 after purchasing an additional 146,420 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.