DAVENPORT & Co LLC Sells 13,584 Shares of Booz Allen Hamilton Holding Corporation $BAH

Key Points

• DAVENPORT & Co LLC sold 13,584 shares of Booz Allen Hamilton, reducing its stake by 14.4% and retaining ownership of 80,750 shares valued at approximately $8.39 million.
• Booz Allen Hamilton recently reported earnings of $1.48 per share, slightly exceeding analysts' expectations, despite a 0.6% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.55, representing an annualized yield of 2.1%, with a payout ratio of 27.03%.

DAVENPORT & Co LLC reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,750 shares of the business services provider's stock after selling 13,584 shares during the period. DAVENPORT & Co LLC owned 0.07% of Booz Allen Hamilton worth $8,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group increased its position 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 worth $31,000 after acquiring an additional 149 shares in the last quarter. CX Institutional bought a new stake in shares of Booz Allen Hamilton during the first quarter worth about $33,000. NBC Securities Inc. bought a new stake in shares of Booz Allen Hamilton during the first quarter worth about $35,000. WPG Advisers LLC bought a new stake in shares of Booz Allen Hamilton during the first quarter worth about $35,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Booz Allen Hamilton during the first quarter worth about $35,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Up 0.4%

Booz Allen Hamilton stock opened at $104.05 on Wednesday. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $96.96 and a fifty-two week high of $190.59. The stock has a market cap of $12.82 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.64 and a beta of 0.42. The firm's 50-day simple moving average is $105.75 and its 200 day simple moving average is $108.97. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78.

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 for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. Research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, August 14th. Booz Allen Hamilton's payout ratio is presently 27.03%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Weiss Ratings restated a "hold (c)" rating on shares of Booz Allen Hamilton in a report on Saturday, September 27th. Finally, Stifel Nicolaus boosted their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton 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.

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