Booz Allen Hamilton Holding Corp. (BAH) Trading Down 1.6%
Booz Allen Hamilton Holding Corp. (NYSE:BAH) shares fell 1.6% during mid-day trading on Monday . The company traded as low as $30.41 and last traded at $30.43, with a volume of 328,566 shares changing hands. The stock had previously closed at $30.94.
A number of brokerages recently issued reports on BAH. Jefferies Group restated a “buy” rating on shares of Booz Allen Hamilton Holding Corp. in a report on Tuesday, July 5th. Zacks Investment Research upgraded Booz Allen Hamilton Holding Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Raymond James Financial Inc. downgraded Booz Allen Hamilton Holding Corp. from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 12th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Booz Allen Hamilton Holding Corp. in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.41.
The company has a 50 day moving average price of $29.41 and a 200 day moving average price of $28.72. The company has a market cap of $4.56 billion and a PE ratio of 15.88.
Booz Allen Hamilton Holding Corp. (NYSE:BAH) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. During the same period in the previous year, the business posted $0.30 EPS. The business earned $1.42 billion during the quarter, compared to the consensus estimate of $1.37 billion. The firm’s revenue was up 6.1% on a year-over-year basis. Equities analysts predict that Booz Allen Hamilton Holding Corp. will post $1.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, June 8th.
In related news, major shareholder Explorer Coinvest Llc sold 13,000,000 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $28.01, for a total value of $364,130,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin L. Cook sold 31,992 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $29.16, for a total transaction of $932,886.72. Following the completion of the sale, the chief financial officer now directly owns 41,754 shares in the company, valued at $1,217,546.64. The disclosure for this sale can be found here.
Other hedge funds have recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in Booz Allen Hamilton Holding Corp. during the fourth quarter worth $1,623,000. First Trust Advisors LP bought a new position in shares of Booz Allen Hamilton Holding Corp. during the fourth quarter worth approximately $2,511,000. GSA Capital Partners LLP raised its position in shares of Booz Allen Hamilton Holding Corp. by 9.3% in the fourth quarter. GSA Capital Partners LLP now owns 83,351 shares of the company’s stock worth $2,571,000 after buying an additional 7,085 shares during the period. Rhumbline Advisers raised its position in shares of Booz Allen Hamilton Holding Corp. by 2.1% in the fourth quarter. Rhumbline Advisers now owns 96,499 shares of the company’s stock worth $2,977,000 after buying an additional 2,005 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Booz Allen Hamilton Holding Corp. during the fourth quarter worth approximately $4,099,000.
Booz Allen Hamilton Holding Corporation is a management consulting company. The Company provides management consulting, technology and engineering services to the United States Government in the defense, intelligence and civil markets. It also provides management and technology consulting services to major corporations, institutions, not-for-profit organizations and international clients.
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