Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in Booz Allen Hamilton by 630.6%, holding 18,046 shares valued at approximately $1.88 million.
• The company's recent earnings report showed an EPS of $1.48, beating expectations, despite a 0.6% decline in revenue year-over-year.
• Booz Allen Hamilton announced a quarterly dividend of $0.55 per share, which will yield approximately 2.03% annually.

HB Wealth Management LLC boosted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 630.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,046 shares of the business services provider's stock after acquiring an additional 15,576 shares during the period. HB Wealth Management LLC's holdings in Booz Allen Hamilton were worth $1,887,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. FIL Ltd raised its stake in shares of Booz Allen Hamilton by 63.3% in the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after purchasing an additional 59,440 shares in the last quarter. Capital World Investors grew its stake in Booz Allen Hamilton by 591.1% in the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock worth $45,034,000 after purchasing an additional 299,283 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Booz Allen Hamilton by 10.2% in the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock valued at $5,531,000 after buying an additional 4,905 shares during the last quarter. Natixis raised its stake in Booz Allen Hamilton by 3,032.5% during the fourth quarter. Natixis now owns 42,163 shares of the business services provider's stock valued at $5,426,000 after buying an additional 40,817 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Booz Allen Hamilton during the 4th quarter worth approximately $11,715,000. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BAH. Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $134.00.

Booz Allen Hamilton Stock Performance

NYSE BAH traded up $0.69 on Friday, hitting $108.02. The stock had a trading volume of 697,618 shares, compared to its average volume of 2,361,022. The company's 50-day moving average is $105.83 and its two-hundred day moving average is $114.16. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.68 and a beta of 0.48. The company has a quick ratio of 1.79, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company posted $1.38 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

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