Booz Allen Hamilton Holding Corporation $BAH Stock Holdings Increased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its Booz Allen Hamilton stake by 292.5% in the third quarter, adding 601,677 shares for a total of 807,353 shares valued at approximately $56 million. Institutional investors collectively own 91.82% of the company.
• BAH shares opened at $72.34, down 1.7%, with a market capitalization of $8.70 billion. The stock trades near the middle of its 52-week range and has a 3.3% dividend yield based on its $0.59 quarterly payout.
• Analysts maintain a generally cautious outlook: the stock has a consensus “Hold” rating and an average price target of $85.62, while several firms recently lowered targets. The company nevertheless exceeded quarterly EPS expectations, reporting $1.81 versus the $1.49 consensus estimate.

Copeland Capital Management LLC increased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 292.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,353 shares of the business services provider's stock after purchasing an additional 601,677 shares during the period. Copeland Capital Management LLC owned 0.67% of Booz Allen Hamilton worth $56,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider's stock worth $550,722,000 after buying an additional 1,811,906 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Booz Allen Hamilton in the second quarter valued at about $51,325,000. Contour Asset Management LLC purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $33,626,000. Clough Capital Partners L P purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $19,283,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Booz Allen Hamilton in the third quarter worth about $12,051,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Down 1.7%

BAH stock opened at $72.34 on Wednesday. Booz Allen Hamilton Holding Corporation has a 52-week low of $59.50 and a 52-week high of $109.10. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The firm has a market cap of $8.70 billion, a P/E ratio of 10.75, a PEG ratio of 1.77 and a beta of 0.37. The company's 50-day simple moving average is $74.46 and its 200-day simple moving average is $73.92.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company posted $1.48 EPS. The business's quarterly revenue was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.34 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is 37.11%.

Analysts Set New Price Targets

A number of brokerages recently commented on BAH. Citigroup dropped their target price on Booz Allen Hamilton from $82.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 7th. Jefferies Financial Group cut their price target on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a "hold" rating on the stock in a report on Wednesday, October 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Booz Allen Hamilton in a research report on Friday, October 2nd. TD Cowen raised their price target on shares of Booz Allen Hamilton from $75.00 to $77.00 and gave the stock a "hold" rating in a research report on Tuesday, October 6th. Finally, Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Sunday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus target price of $85.62.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.

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