Booz Allen Hamilton (NYSE:BAH) Given New $155.00 Price Target at TD Cowen

Booz Allen Hamilton (NYSE:BAH) had its price objective trimmed by TD Cowen from $200.00 to $155.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other research firms have also issued reports on BAH. Truist Financial dropped their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. Wells Fargo & Company dropped their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Stock Up 2.1 %

NYSE:BAH opened at $132.76 on Wednesday. Booz Allen Hamilton has a twelve month low of $125.58 and a twelve month high of $190.59. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock’s 50 day moving average price is $145.71 and its two-hundred day moving average price is $152.91.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.54%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on 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 in the company, valued at $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Booz Allen Hamilton

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC lifted its position in Booz Allen Hamilton by 30.6% during the second quarter. Private Advisor Group LLC now owns 7,598 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 1,782 shares during the period. Candriam S.C.A. lifted its holdings in shares of Booz Allen Hamilton by 14.9% during the 2nd quarter. Candriam S.C.A. now owns 10,579 shares of the business services provider’s stock worth $1,628,000 after acquiring an additional 1,373 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $83,000. Prudential PLC boosted its position in shares of Booz Allen Hamilton by 112.3% during the 2nd quarter. Prudential PLC now owns 3,214 shares of the business services provider’s stock worth $495,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Choreo LLC bought a new position in Booz Allen Hamilton in the second quarter valued at approximately $648,000. 91.82% of the stock is currently owned by institutional investors.

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.