Booz Allen Hamilton (NYSE:BAH) Trading 4.2% Higher – What’s Next?

Booz Allen Hamilton Holding Corporation (NYSE:BAH)’s share price was up 4.2% on Thursday . The company traded as high as $75.32 and last traded at $75.2540. Approximately 519,243 shares were traded during trading, a decline of 75% from the average daily volume of 2,118,622 shares. The stock had previously closed at $72.20.

Wall Street Analyst Weigh In

BAH has been the subject of a number of recent research reports. Cantor Fitzgerald decreased their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $80.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, September 1st. Stifel Nicolaus set a $110.00 price objective on Booz Allen Hamilton and gave the company a “buy” rating in a research note on Tuesday, May 26th. BNP Paribas Exane began coverage on Booz Allen Hamilton in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price objective for the company. Finally, Truist Financial lowered their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $83.69.

Booz Allen Hamilton Stock Up 0.2%

The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The stock has a market cap of $9.12 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 3.90 and a beta of 0.36. The firm has a fifty day moving average of $71.52 and a 200 day moving average of $74.71.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the firm posted $1.48 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.11%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Booz Allen Hamilton by 5,743.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,467,773 shares of the business services provider’s stock worth $513,740,000 after acquiring an additional 8,322,852 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after acquiring an additional 1,811,906 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Booz Allen Hamilton by 36.0% during the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after purchasing an additional 1,285,475 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Booz Allen Hamilton by 135.2% during the fourth quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock worth $393,649,000 after purchasing an additional 2,682,460 shares during the last quarter. Finally, State Street Corp increased its position in shares of Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after purchasing an additional 1,528,739 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.