Empowered Funds LLC Acquires 4,534 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Empowered Funds LLC increased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 27.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,209 shares of the business services provider’s stock after acquiring an additional 4,534 shares during the period. Empowered Funds LLC’s holdings in Booz Allen Hamilton were worth $2,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its position in Booz Allen Hamilton by 4.1% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 62,102 shares of the business services provider’s stock valued at $7,993,000 after purchasing an additional 2,436 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Booz Allen Hamilton by 783.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,087 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 964 shares in the last quarter. Westbourne Investment Advisors Inc. raised its position in Booz Allen Hamilton by 5.4% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 49,079 shares of the business services provider’s stock valued at $6,316,000 after purchasing an additional 2,506 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in Booz Allen Hamilton during the 4th quarter valued at $882,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Booz Allen Hamilton by 3.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 267,182 shares of the business services provider’s stock valued at $34,386,000 after purchasing an additional 8,301 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Down 3.3 %

Shares of BAH stock opened at $117.85 on Friday. Booz Allen Hamilton Holding Co. has a 1-year low of $116.07 and a 1-year high of $190.59. The stock’s fifty day moving average price is $132.66 and its 200 day moving average price is $149.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market cap of $14.93 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, research analysts expect that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is presently 30.40%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BAH shares. Truist Financial decreased their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. TD Cowen cut their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Cantor Fitzgerald started coverage on Booz Allen Hamilton in a report on Friday, February 7th. They issued an “overweight” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.91.

Booz Allen Hamilton 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.