Booz Allen Hamilton Holding Corporation (NYSE:BAH) to Issue $0.55 Quarterly Dividend

Key Points

• Booz Allen Hamilton declared a quarterly dividend of $0.55 per share, representing an annualized dividend of $2.20 and a yield of 1.91% for investors of record on August 14th.
• The company's dividend payout ratio is currently 29.5%, indicating a strong ability to cover the dividend with expected earnings of $6.94 per share next year.
• Stock performance: Booz Allen Hamilton's shares opened at $115.35, recently experiencing a slight decline of 0.5%, with a 52-week low of $98.95 and a high of $190.59.

Booz Allen Hamilton Holding Corporation (NYSE:BAH - Get Free Report) declared a quarterly dividend on Friday, July 25th, RTT News reports. Investors of record on Thursday, August 14th will be given a dividend of 0.55 per share by the business services provider on Friday, August 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%.

Booz Allen Hamilton has a dividend payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Booz Allen Hamilton to earn $6.94 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 31.7%.

Booz Allen Hamilton Stock Down 0.5%

Shares of Booz Allen Hamilton stock opened at $115.35 on Friday. The stock has a 50-day simple moving average of $107.86 and a 200-day simple moving average of $114.95. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. Booz Allen Hamilton has a 52-week low of $98.95 and a 52-week high of $190.59. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.82 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. During the same period in the prior year, the company posted $1.38 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts expect that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on BAH shares. Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price objective on the stock. Barclays decreased their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Truist Financial cut their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. UBS Group upped their price target on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $134.64.

Hedge Funds Weigh In On Booz Allen Hamilton

An institutional investor recently raised its position in Booz Allen Hamilton stock. NewEdge Advisors LLC lifted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 365.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,750 shares of the business services provider's stock after buying an additional 9,223 shares during the period. NewEdge Advisors LLC's holdings in Booz Allen Hamilton were worth $1,229,000 as of its most recent filing with the SEC. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.

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