T. Rowe Price Investment Management Inc. Raises Position in Booz Allen Hamilton Holding Corporation $BAH

T. Rowe Price Investment Management Inc. grew its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 38.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,528,226 shares of the business services provider’s stock after buying an additional 1,811,906 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.05% of Booz Allen Hamilton worth $550,722,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Booz Allen Hamilton by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock valued at $1,176,522,000 after acquiring an additional 227,141 shares in the last quarter. First Trust Advisors LP increased its holdings in Booz Allen Hamilton by 36.0% during the 4th 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 period. Primecap Management Co. CA raised its position in Booz Allen Hamilton by 135.2% in the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock valued at $393,649,000 after purchasing an additional 2,682,460 shares in the last quarter. State Street Corp raised its position in Booz Allen Hamilton by 53.2% in the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock valued at $371,428,000 after purchasing an additional 1,528,739 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Booz Allen Hamilton by 48.6% during the third quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock worth $377,488,000 after buying an additional 1,246,451 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 $66.56 on Friday. Booz Allen Hamilton Holding Corporation has a 52 week low of $66.35 and a 52 week high of $120.04. The company has a 50-day moving average price of $77.80 and a 200 day moving average price of $82.45. The company has a market cap of $7.97 billion, a P/E ratio of 9.66, a PEG ratio of 4.06 and a beta of 0.32. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.46. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.23 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is currently 34.25%.

Analysts Set New Price Targets

Several analysts recently weighed in on BAH shares. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. BNP Paribas Exane assumed coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price objective on the stock. TD Cowen reissued a “hold” rating on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Truist Financial decreased their price target on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 20th. Finally, Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has an average 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.