Booz Allen Hamilton Holding Corporation $BAH Shares Sold by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Booz Allen Hamilton stake by 3.7%, selling 5,350 shares and retaining 139,571 shares valued at approximately $8.5 million. Institutional investors and hedge funds collectively own 91.82% of the company.
• Booz Allen Hamilton shares rose 1.5% to $80.33, while the company’s latest quarterly earnings of $1.81 per share exceeded analysts’ $1.49 estimate. However, revenue declined 4.2% year over year to $1.97 billion.
• The company maintains a quarterly dividend of $0.59 per share, equivalent to an annualized $2.36 payout and a 2.9% yield. Analyst sentiment remains cautious, with an average “Reduce” rating and an average price target of $83.69.

California State Teachers Retirement System reduced its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,571 shares of the business services provider's stock after selling 5,350 shares during the quarter. California State Teachers Retirement System owned 0.12% of Booz Allen Hamilton worth $8,467,773 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its stake in Booz Allen Hamilton by 38.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider's stock valued at $550,722,000 after buying an additional 1,811,906 shares during the period. Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $143,749,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $51,325,000. Bank of New York Mellon Corp increased its position in shares of Booz Allen Hamilton by 135.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,227,893 shares of the business services provider's stock valued at $103,585,000 after acquiring an additional 705,930 shares during the last quarter. Finally, Black Creek Investment Management Inc. boosted its position in shares of Booz Allen Hamilton by 20.0% in the fourth quarter. Black Creek Investment Management Inc. now owns 2,505,178 shares of the business services provider's stock valued at $211,337,000 after acquiring an additional 416,702 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 1.5%

Shares of NYSE BAH traded up $1.22 during midday trading on Tuesday, reaching $80.33. The company had a trading volume of 938,152 shares, compared to its average volume of 2,120,346. The firm's fifty day moving average price is $71.86 and its 200-day moving average price is $74.74. The stock has a market cap of $9.66 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 3.92 and a beta of 0.36. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $109.10.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the business posted $1.48 earnings per share. The business's quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.59 per share. The ex-dividend date was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.9%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 37.11%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BAH. BNP Paribas Exane assumed coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They set a "neutral" rating and a $80.00 target price for the company. Stifel Nicolaus set a $110.00 price target on shares of Booz Allen Hamilton and gave the stock a "buy" rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an "underweight" rating on the stock in a report on Tuesday, May 26th. The Goldman Sachs Group cut their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating on the stock in a research note on Tuesday, July 14th. Finally, UBS Group increased their price objective on Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Reduce" and an average price target of $83.69.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.