Booz Allen Hamilton (NYSE:BAH) Trading Down 3.7% – Here’s What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price dropped 3.7% during mid-day trading on Wednesday . The stock traded as low as $112.41 and last traded at $112.26. Approximately 1,475,107 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 1,224,397 shares. The stock had previously closed at $116.52.

Analysts Set New Price Targets

BAH has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Trading Down 3.1 %

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $14.30 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.25 and a beta of 0.56. The business has a 50-day moving average price of $122.83 and a two-hundred day moving average price of $142.96.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.95%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is currently 32.79%.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently modified their holdings of BAH. GW&K Investment Management LLC increased its holdings in Booz Allen Hamilton by 0.7% in the 4th quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock worth $59,397,000 after purchasing an additional 3,435 shares in the last quarter. Versor Investments LP acquired a new position in shares of Booz Allen Hamilton in the fourth quarter worth approximately $933,000. Bridges Investment Management Inc. boosted its stake in shares of Booz Allen Hamilton by 19.2% in the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock valued at $15,143,000 after purchasing an additional 18,930 shares during the last quarter. Cumberland Partners Ltd boosted its position in Booz Allen Hamilton by 92.2% during the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after acquiring an additional 47,655 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Booz Allen Hamilton by 51.7% in the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares during the period. Institutional investors 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.