Gallacher Capital Management LLC Invests $410,000 in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Gallacher Capital Management LLC purchased 3,934 shares of Booz Allen Hamilton, valued at approximately $410,000, in the second quarter.
• Several hedge funds increased their stakes in Booz Allen Hamilton, with Wellington Management Group LLP boosting its position by 603.1%.
• Booz Allen Hamilton reported earnings of $1.48 per share for the quarter, exceeding estimates, despite a 0.6% year-over-year revenue decline.

Gallacher Capital Management LLC purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,934 shares of the business services provider's stock, valued at approximately $410,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Booz Allen Hamilton in the 4th quarter worth about $33,000. Brooklyn Investment Group increased its position in shares of Booz Allen Hamilton by 102.8% in the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock worth $31,000 after purchasing an additional 149 shares during the last quarter. CX Institutional bought a new stake in shares of Booz Allen Hamilton in the 1st quarter worth about $33,000. Finally, Versant Capital Management Inc increased its position in shares of Booz Allen Hamilton by 627.3% in the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock worth $33,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded down $0.32 during midday trading on Thursday, reaching $101.26. 1,691,763 shares of the stock traded hands, compared to its average volume of 2,216,757. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm has a fifty day moving average price of $108.12 and a two-hundred day moving average price of $109.87. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.60 and a beta of 0.45. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. Booz Allen Hamilton's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 14th. Booz Allen Hamilton's payout ratio is presently 27.03%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BAH shares. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Barclays dropped their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. 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 price objective on shares of Booz Allen Hamilton and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $134.00.

About Booz Allen Hamilton

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.