Booz Allen Hamilton (NYSE:BAH) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Booz Allen Hamilton (NYSE:BAH) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports. Cantor Fitzgerald also issued estimates for Booz Allen Hamilton’s FY2025 earnings at $7.20 EPS.

Several other equities research analysts also recently issued reports on the stock. UBS Group assumed coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target on the stock. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Truist Financial decreased their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Finally, Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Stock Down 2.3 %

BAH opened at $110.92 on Tuesday. The company has a market cap of $14.05 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton has a 1 year low of $106.69 and a 1 year high of $190.59. The firm has a 50 day moving average price of $128.17 and a 200 day moving average price of $147.07.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Sell-side analysts expect that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.98%. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton in the third quarter worth $31,000. Bogart Wealth LLC grew its position in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after acquiring an additional 134 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.