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

Booz Allen Hamilton Holding Corporation (NYSE:BAH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $98.95 and last traded at $99.33, with a volume of 612813 shares trading hands. The stock had previously closed at $100.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group lifted their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Truist Financial dropped their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Stock Performance

The company has a market cap of $12.44 billion, a PE ratio of 13.81, a PEG ratio of 1.56 and a beta of 0.49. The stock has a 50 day simple moving average of $113.28 and a two-hundred day simple moving average of $118.70. 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 (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm posted $1.33 EPS. Booz Allen Hamilton's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Booz Allen Hamilton during the 1st quarter worth $12,811,000. Geneos Wealth Management Inc. raised its stake in Booz Allen Hamilton by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,809 shares of the business services provider's stock valued at $1,026,000 after purchasing an additional 2,995 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Booz Allen Hamilton by 20.1% during the first quarter. Focus Partners Wealth now owns 52,240 shares of the business services provider's stock worth $5,463,000 after purchasing an additional 8,746 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in Booz Allen Hamilton in the 1st quarter worth about $35,000. Finally, Plato Investment Management Ltd grew its holdings in Booz Allen Hamilton by 62.6% in the first quarter. Plato Investment Management Ltd now owns 9,980 shares of the business services provider's stock valued at $1,055,000 after purchasing an additional 3,843 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

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.

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