Booz Allen Hamilton (NYSE:BAH) Hits New 12-Month Low - What's Next?

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $101.05 and last traded at $101.70, with a volume of 178510 shares changing hands. The stock had previously closed at $102.51.

Analyst Ratings Changes

BAH has been the subject of several research reports. UBS Group lifted their price target on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Raymond James reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, Barclays dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Stock Up 2.1%

The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $12.95 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.25 and a beta of 0.56. The company's 50-day moving average price is $115.00 and its 200 day moving average price is $122.77.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.59 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.34%.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its holdings in shares of Booz Allen Hamilton by 4.3% in the fourth quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider's stock valued at $234,000 after purchasing an additional 75 shares in the last quarter. M&T Bank Corp raised its stake in shares of Booz Allen Hamilton by 0.9% in the 4th quarter. M&T Bank Corp now owns 10,171 shares of the business services provider's stock valued at $1,309,000 after acquiring an additional 88 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Booz Allen Hamilton by 0.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider's stock valued at $2,134,000 after acquiring an additional 90 shares during the period. Trajan Wealth LLC raised its stake in shares of Booz Allen Hamilton by 5.8% in the 4th quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock valued at $216,000 after acquiring an additional 92 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in shares of Booz Allen Hamilton by 3.5% in the 1st quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock valued at $286,000 after acquiring an additional 92 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.