First Manhattan CO. LLC. Makes New $2.23 Million Investment in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• First Manhattan Co. LLC has acquired 21,366 shares of Booz Allen Hamilton, valued at approximately $2.23 million, as reported in its latest SEC filing.
• A significant percentage of Booz Allen Hamilton's stock, about 91.82%, is held by institutional investors, indicating strong institutional support and interest in the company.
• Booz Allen Hamilton has recently declared a quarterly dividend of $0.55 per share, representing an annualized yield of 2.0% based on its current valuation.

First Manhattan CO. LLC. bought a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,366 shares of the business services provider's stock, valued at approximately $2,234,000.

Several other hedge funds have also modified their holdings of BAH. MassMutual Private Wealth & Trust FSB increased its holdings in 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 worth $26,000 after purchasing an additional 105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Booz Allen Hamilton during the 4th quarter valued at approximately $33,000. Ancora Advisors LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth $34,000. Brooklyn Investment Group boosted its position in Booz Allen Hamilton by 102.8% during the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock worth $31,000 after acquiring an additional 149 shares during the period. Finally, CX Institutional acquired a new position in Booz Allen Hamilton during the 1st quarter worth $33,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Stifel Nicolaus upped their price target on Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, July 28th. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Finally, UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the stock a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Trading Down 0.6%

NYSE BAH traded down $0.64 on Friday, reaching $102.56. The company had a trading volume of 2,394,776 shares, compared to its average volume of 1,362,121. The stock's 50 day moving average is $108.93 and its 200-day moving average is $110.38. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.61 and a beta of 0.45. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly 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. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. Equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

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

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.