CCM Investment Group LLC Acquires Shares of 6,061 Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• CCM Investment Group LLC has made a substantial investment of $638,000 in Booz Allen Hamilton, acquiring 6,061 shares during the first quarter.
• Booz Allen Hamilton reported quarterly earnings of $1.48 EPS, which exceeded analysts' estimates by $0.03, although revenue was slightly below expectations at $2.92 billion.
• The firm declared a quarterly dividend of $0.55 per share, representing an annualized dividend of $2.20 and a yield of 2.0%.

CCM Investment Group LLC acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,061 shares of the business services provider's stock, valued at approximately $638,000.

Several other institutional investors have also recently bought and sold shares of the business. Trajan Wealth LLC lifted its holdings in shares of Booz Allen Hamilton by 5.8% during the 4th quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock valued at $216,000 after purchasing an additional 92 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of Booz Allen Hamilton by 3.5% during the 1st quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock valued at $286,000 after purchasing an additional 92 shares in the last quarter. Raiffeisen Bank International AG lifted its holdings in shares of Booz Allen Hamilton by 4.9% during the 1st quarter. Raiffeisen Bank International AG now owns 2,137 shares of the business services provider's stock valued at $225,000 after purchasing an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Booz Allen Hamilton by 74.5% during the 1st 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 in the last quarter. Finally, Intrust Bank NA lifted its holdings in shares of Booz Allen Hamilton by 2.6% during the 1st quarter. Intrust Bank NA now owns 4,544 shares of the business services provider's stock valued at $475,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 1.3%

BAH traded up $1.36 on Friday, hitting $109.51. 670,230 shares of the company were exchanged, compared to its average volume of 2,315,996. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59. The company has a market cap of $13.50 billion, a PE ratio of 13.43, a PEG ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The stock's fifty day moving average is $106.79 and its 200-day moving average is $112.31.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. Booz Allen Hamilton's revenue was down .6% on a year-over-year basis. Equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BAH. Barclays cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. UBS Group set a $119.00 price objective on Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Company Profile

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.