Booz Allen Hamilton (NYSE:BAH) Reaches New 52-Week Low - Here's What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $100.34 and last traded at $100.62, with a volume of 1705043 shares traded. The stock had previously closed at $101.90.

Analysts Set New Price Targets

A number of analysts have commented on BAH shares. UBS Group increased their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Truist Financial reduced their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 15th. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $136.90.

Booz Allen Hamilton Trading Down 0.3%

The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The business's 50-day moving average is $114.32 and its 200 day moving average is $121.57. The firm has a market capitalization of $12.46 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49.

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

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's payout ratio is currently 30.34%.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds have recently bought and sold shares of BAH. Bogart Wealth LLC lifted its holdings in shares of Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after acquiring an additional 155 shares during the last quarter. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

About Booz Allen Hamilton

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.