Leuthold Group LLC Purchases 6,785 Shares of Booz Allen Hamilton Holding Corporation $BAH

Leuthold Group LLC purchased a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the third quarter, HoldingsChannel.com reports. The fund purchased 6,785 shares of the business services provider’s stock, valued at approximately $471,000.

A number of other hedge funds have also recently modified their holdings of BAH. Provenance Wealth Advisors LLC raised its stake in shares of Booz Allen Hamilton by 2,586.7% during the third quarter. Provenance Wealth Advisors LLC now owns 403 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 388 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Booz Allen Hamilton by 1,122.9% during the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after purchasing an additional 539 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Booz Allen Hamilton by 967.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 598 shares of the business services provider’s stock worth $42,000 after purchasing an additional 542 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Booz Allen Hamilton in the first quarter worth about $44,000. Finally, Root Financial Partners LLC bought a new stake in shares of Booz Allen Hamilton in the third quarter worth about $49,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Buying and Selling

In other news, EVP Joshua Petty sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $82.92, for a total value of $124,380.00. Following the completion of the transaction, the executive vice president owned 8,538 shares in the company, valued at $707,970.96. This trade represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Buffum Fitzgerald sold 2,105 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.90, for a total value of $174,504.50. Following the sale, the executive vice president owned 5,087 shares in the company, valued at $421,712.30. This represents a 29.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America restated an “underperform” rating on shares of Booz Allen Hamilton in a report on Monday, October 26th. Weiss Ratings upgraded Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. Wall Street Zen upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Monday, October 19th. Cantor Fitzgerald cut their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, TD Cowen raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and boosted their target price for the company from $77.00 to $95.00 in a research note on Monday, October 26th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $89.71.

Booz Allen Hamilton Trading Up 0.9%

Shares of BAH opened at $87.48 on Wednesday. The firm’s 50-day moving average price is $76.84 and its 200-day moving average price is $76.41. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.97 and a beta of 0.28. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 3.53. Booz Allen Hamilton Holding Corporation has a 1-year low of $59.50 and a 1-year high of $109.10.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.28. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. Booz Allen Hamilton’s quarterly revenue was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. Sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.61 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 2.7%. Booz Allen Hamilton’s dividend payout ratio is currently 36.65%.

About Booz Allen Hamilton

Booz Allen Hamilton is a management and technology consulting firm that helps government and commercial clients address complex operational and technical challenges. Its services include strategy and organizational consulting, digital transformation, systems engineering, data analytics, artificial intelligence, and cybersecurity. The company has a substantial focus on U.S. federal government work, supporting defense, intelligence, and civilian agencies on national security and public-sector missions.