Price T Rowe Associates Inc. MD Reduces Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Price T Rowe Associates Inc. has reduced its stake in Booz Allen Hamilton by 4.0%, now holding 7,047,070 shares worth approximately $736.98 million.
• Booz Allen Hamilton reported $1.48 earnings per share for the last quarter, slightly exceeding analyst expectations, but its revenue was down 0.6% compared to the previous year.
• The company announced a quarterly dividend of $0.55 per share, resulting in a dividend yield of 2.0%, set to be paid on August 29th.

Price T Rowe Associates Inc. MD decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,047,070 shares of the business services provider's stock after selling 296,857 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 5.56% of Booz Allen Hamilton worth $736,983,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $33,000. Ancora Advisors LLC bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $34,000. True Wealth Design LLC increased its holdings in shares of Booz Allen Hamilton by 2,316.7% during the fourth quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock valued at $37,000 after acquiring an additional 278 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Booz Allen Hamilton by 102.8% during the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock valued at $31,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price target for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. Finally, Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded up $0.69 during trading on Tuesday, hitting $110.13. 2,476,916 shares of the company's stock traded hands, compared to its average volume of 2,279,332. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The stock has a market capitalization of $13.57 billion, a P/E ratio of 13.53, a PEG ratio of 1.72 and a beta of 0.47. The business has a 50-day simple moving average of $107.83 and a 200-day simple moving average of $111.11.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period last year, the firm posted $1.38 earnings per share. Booz Allen Hamilton's revenue was down .6% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. As a group, analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 27.03%.

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.