L2 Asset Management LLC Buys Shares of 15,035 Booz Allen Hamilton Holding Corporation $BAH

L2 Asset Management LLC bought a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,035 shares of the business services provider’s stock, valued at approximately $1,268,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Whetstone Capital Advisors LLC grew its stake in Booz Allen Hamilton by 15.2% in the fourth quarter. Whetstone Capital Advisors LLC now owns 2,652 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 349 shares in the last quarter. Verition Fund Management LLC grew its stake in Booz Allen Hamilton by 168.6% in the fourth quarter. Verition Fund Management LLC now owns 111,465 shares of the business services provider’s stock valued at $9,403,000 after purchasing an additional 69,965 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Booz Allen Hamilton in the fourth quarter valued at about $295,000. Kennedy Capital Management LLC grew its stake in Booz Allen Hamilton by 220.7% in the fourth quarter. Kennedy Capital Management LLC now owns 114,414 shares of the business services provider’s stock valued at $9,652,000 after purchasing an additional 78,734 shares in the last quarter. Finally, LRT Capital Management LLC grew its stake in Booz Allen Hamilton by 215.3% in the fourth quarter. LRT Capital Management LLC now owns 11,613 shares of the business services provider’s stock valued at $980,000 after purchasing an additional 7,930 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $74.32 on Tuesday. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $68.83 and a fifty-two week high of $120.04. The business has a 50-day moving average of $78.59 and a two-hundred day moving average of $82.72. The stock has a market capitalization of $8.90 billion, a P/E ratio of 10.79, a P/E/G ratio of 4.42 and a beta of 0.32. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. The firm’s 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. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is currently 34.25%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BAH shares. TD Cowen reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Truist Financial reduced their price target on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Citigroup reduced their price target on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $88.00.

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.