Booz Allen Hamilton (NYSE:BAH) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a report released on Monday morning, Marketbeat Ratings reports. The brokerage currently has $190.00 price objective on the business services provider’s stock, up from their prior price objective of $180.00.

Several other brokerages also recently weighed in on BAH. Truist Financial increased their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com raised Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. TD Cowen decreased their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton Stock Down 2.3 %

BAH stock opened at $175.76 on Monday. Booz Allen Hamilton has a 12 month low of $123.06 and a 12 month high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $22.46 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.58. The company has a fifty day moving average price of $163.93 and a 200 day moving average price of $155.90.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.16%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Matthew Calderone sold 3,865 shares of the 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 directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock valued at $1,989,220 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after acquiring an additional 222,884 shares during the last quarter. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after purchasing an additional 679,280 shares during the last quarter. American Century Companies Inc. lifted its holdings in Booz Allen Hamilton by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after purchasing an additional 96,553 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock worth $174,978,000 after purchasing an additional 22,545 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after buying an additional 244,391 shares in the last quarter. Hedge funds and other 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.