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

StockNews.com cut shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Several other brokerages have also issued reports on BAH. Wells Fargo & Company decreased their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday. They set a “neutral” rating and a $159.00 price objective on the stock. Barclays lifted their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $142.70 on Thursday. The stock has a market capitalization of $18.23 billion, a PE ratio of 22.40, a PEG ratio of 1.75 and a beta of 0.52. Booz Allen Hamilton has a one year low of $123.17 and a one year high of $190.59. The business’s 50 day simple moving average is $162.72 and its 200 day simple moving average is $156.48. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.43%. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Insider Activity

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

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its holdings in shares of Booz Allen Hamilton by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after buying an additional 59 shares during the period. First Horizon Advisors Inc. raised its holdings in Booz Allen Hamilton by 4.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares during the period. X Square Capital LLC raised its holdings in Booz Allen Hamilton by 0.7% in the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after purchasing an additional 72 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Booz Allen Hamilton by 13.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after purchasing an additional 79 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Booz Allen Hamilton by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after purchasing an additional 82 shares during the period. 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.