Ceredex Value Advisors LLC lifted its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,434 shares of the business services provider’s stock after purchasing an additional 65,228 shares during the quarter. Ceredex Value Advisors LLC owned 0.30% of Booz Allen Hamilton worth $36,125,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Rakuten Securities Inc. increased its stake in Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. West Branch Capital LLC boosted its stake in shares of Booz Allen Hamilton by 58.3% during the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the last quarter. Eastern Bank bought a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at about $35,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Trading Down 0.6%
Booz Allen Hamilton stock opened at $81.41 on Tuesday. The stock has a 50-day simple moving average of $86.35 and a 200 day simple moving average of $91.18. The stock has a market capitalization of $9.82 billion, a P/E ratio of 12.10, a PEG ratio of 4.81 and a beta of 0.37. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. Booz Allen Hamilton Holding Corporation has a 52 week low of $73.93 and a 52 week high of $130.91.
Booz Allen Hamilton Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a $0.59 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a yield of 2.9%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 35.07%.
Wall Street Analysts Forecast Growth
BAH has been the topic of several analyst reports. Weiss Ratings upgraded Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Jefferies Financial Group lowered their price target on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. Stifel Nicolaus upped their price objective on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Citigroup increased their price objective on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, Zacks Research raised shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $101.25.
Check Out Our Latest Research Report on Booz Allen Hamilton
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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