Booz Allen Hamilton (NYSE:BAH) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of Booz Allen Hamilton (NYSE:BAH) to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on BAH. 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 note on Wednesday, October 2nd. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. UBS Group started coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective for the company. The Goldman Sachs Group dropped their target price on shares of 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, StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.44.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $131.19 on Thursday. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The firm has a 50-day moving average of $157.17 and a two-hundred day moving average of $155.14. Booz Allen Hamilton has a 1 year low of $123.17 and a 1 year 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.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.55%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BAH. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton in the 3rd quarter worth $31,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton in the second quarter worth about $34,000. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton in the third quarter worth about $45,000. MCF Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 56.2% during the second quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock worth $54,000 after purchasing an additional 127 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in Booz Allen Hamilton in the third quarter valued at approximately $60,000. Hedge funds and other 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.