Thrivent Financial for Lutherans Makes New $2.30 Million Investment in Booz Allen Hamilton Holding Corporation $BAH

Thrivent Financial for Lutherans purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,315 shares of the business services provider’s stock, valued at approximately $2,304,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Booz Allen Hamilton by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after purchasing an additional 227,141 shares during the period. AQR Capital Management LLC lifted its stake in shares of Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock worth $377,488,000 after purchasing an additional 1,246,451 shares during the period. First Trust Advisors LP raised its position in shares of Booz Allen Hamilton by 10.6% in the 3rd quarter. First Trust Advisors LP now owns 3,571,053 shares of the business services provider’s stock worth $356,927,000 after buying an additional 342,252 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Booz Allen Hamilton by 8.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,545,572 shares of the business services provider’s stock worth $216,094,000 after buying an additional 199,590 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Booz Allen Hamilton by 14.7% in the 2nd quarter. Bank of America Corp DE now owns 2,297,416 shares of the business services provider’s stock worth $239,230,000 after buying an additional 293,603 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of several research reports. DA Davidson set a $81.00 target price on Booz Allen Hamilton in a research report on Tuesday, January 27th. Weiss Ratings lowered Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday, March 3rd. Truist Financial cut their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $97.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $92.92.

Booz Allen Hamilton Stock Up 0.0%

Shares of NYSE BAH opened at $78.70 on Tuesday. Booz Allen Hamilton Holding Corporation has a 12-month low of $68.83 and a 12-month high of $120.04. The company has a market cap of $9.49 billion, a P/E ratio of 11.42, a P/E/G ratio of 4.54 and a beta of 0.32. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. The stock has a fifty day moving average price of $78.60 and a 200 day moving average price of $83.19.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm earned $1.61 EPS. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.13 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is currently 34.25%.

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.