Truist Financial Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $155.00

Booz Allen Hamilton (NYSE:BAH) had its price target reduced by Truist Financial from $185.00 to $155.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Several other brokerages also recently commented on BAH. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and an average price target of $176.88.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $149.22 on Friday. 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 has a 12 month low of $123.17 and a 12 month high of $190.59. The stock has a 50 day moving average of $164.73 and a 200-day moving average of $156.90. The company has a market capitalization of $19.07 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.80 and a beta of 0.58.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is presently 32.03%.

Insider Buying and Selling

In other news, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock worth $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at $29,000. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $31,000. Innealta Capital LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter worth $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton in the 3rd quarter worth about $45,000. Institutional investors 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.